8380 Shrigley Rd, Charlevoix, MI, 49720 | $1,211/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Charlevoix at 8380 Shrigley Rd, Charlevoix, MI, 49720 priced at $379,900 converts $3,716/mo rent into $1,211/mo cash flow after a $1,859/mo obligation. Total monthly income equals $3,716/mo, and annual cash flow totals $14,534/yr on $125,937 invested. Return on cash invested prints 31.45% in year one, and rental yield reads 11.74% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 165.29% and total cumulative return in cash sums $208,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,716/mo property income covering a $1,859/mo payment, not borrower’s personal income.

Single Family

Built in N/A

7.20 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