8102 Upper Bay Shore RdCharlevoixMI49720
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 Charlevoix at 8102 Upper Bay Shore Rd, Charlevoix, MI, 49720 earns $2,037/mo cash flow from $4,378/mo rent with a $1,738/mo payment. Total monthly income totals $4,378/mo, and annual cash flow totals $24,438/yr on $117,683 capital. ROI tracks 40.68% on current figures, and rental yield reads 14.8% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 214.75% and total cumulative return in cash sums $252,720. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,378/mo property income instead of your personal income.
Single Family
Built in 1900
2.50 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: Joe Blachy • Petoskey Real Estate Group
Mls Name: WWMLS
Mls Provider:
Mls ID: #201829846
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