7140 Oneida RdCharlotteMI48813
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 7140 Oneida Rd, Charlotte, MI, 48813 with 5% annual appreciation on a $449,800 basis while $3,637/mo rent supports operations. Total monthly income totals $3,637/mo and a $2,202/mo payment preserves $670/mo for cash returns. Annual cash flow comes to $8,044/yr on $149,109 deployed, and return on cash invested reaches 25.3% in year one. Equity gained on principal adds $2,902/yr, and five-year appreciation sums $124,271 alongside rental yield of 9.7%. Five-year ROI measures 132.32% and total cumulative return in cash totals $197,295.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,637/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
11.08 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Troy Seyfert • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282885
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS