708 S Cochran AveCharlotteMI48813
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Charlotte at 708 S Cochran Ave, Charlotte, MI, 48813 at $115,000 posts ROI 37.49% with $559/mo cash flow from $1,317/mo rent. Total monthly income equals $1,317/mo, and annual cash flow records $6,702/yr on $38,123 to close. Return on cash invested measures 37.49% and rental yield reads 13.74% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 197.7% and total cumulative return in cash totals $75,369.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,317/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48813, Charlotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,757 (100%) |
| Owner Occupied HU | 6,674 (76.2%) |
| Renter Occupied HU | 1,648 (18.8%) |
| Vacant Housing Units | 435 ( 5.0%) |
| Median Home Value | $238,833 |
| Average Home Value | $262,106 |
Housing Distribution
Address Breakdown
Residential
8,672
Single Family
8,161
Multi-Family
511
Businesses
621
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