7400-60 Lakeview DrCharlevoixMI49720
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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 Charlevoix at 7400-60 Lakeview Dr, Charlevoix, MI, 49720 uses $61,294 cash to close to unlock $17,864/yr annual cash flow and $1,489/mo monthly cash flow. Total monthly income runs $2,708/mo, and a $905/mo payment keeps the spread at $1,489/mo. Purchase price stands at $184,900, and rental yield measures 17.57% with $2,708/mo rent. Return on cash invested shows 49.05% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 259.67% and total cumulative return in cash records $159,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,708/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49720, Charlevoix, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,248 (100%) |
| Owner Occupied HU | 3,482 (55.7%) |
| Renter Occupied HU | 798 (12.8%) |
| Vacant Housing Units | 1,968 (31.5%) |
| Median Home Value | $298,267 |
| Average Home Value | $400,844 |
Housing Distribution
Address Breakdown
Residential
5,378
Single Family
4,848
Multi-Family
530
Businesses
504
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Listed by: N/A • N/A
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