747 Petoskey AveCharlevoixMI49720
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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
Rental property for sale in Charlevoix at 747 Petoskey Ave, Charlevoix, MI, 49720 priced at $235,000 converts $2,358/mo rent into $809/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,358/mo, and annual cash flow totals $9,702/yr on $77,903 invested. Return on cash invested prints 32.36% in year one, and rental yield reads 12.04% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 170.19% and total cumulative return in cash sums $132,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,358/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.02 Acres 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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