9024 Whippoorwill LnCharlevoixMI49720
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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 9024 Whippoorwill Ln, Charlevoix, MI, 49720 uses $187,201 cash to close to unlock $5,240/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $4,189/mo, and a $2,785/mo payment keeps the spread at $437/mo. Purchase price stands at $569,000, and rental yield measures 8.83% with $4,189/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 119.17% and total cumulative return in cash records $223,079. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,189/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Single Family
Built in 2006
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
Mls Name: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate
Mls ID: #476303