938 N Cochran AveCharlotteMI48813
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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 Charlotte at 938 N Cochran Ave, Charlotte, MI, 48813 earns $602/mo cash flow from $2,712/mo rent with a $1,566/mo payment. Total monthly income totals $2,712/mo, and annual cash flow totals $7,226/yr on $106,047 capital. ROI tracks 26.72% on current figures, and rental yield reads 10.17% at a $319,900 purchase. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 over five years. Five-year ROI reaches 139.95% and total cumulative return in cash sums $148,412. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,712/mo property income instead of your personal income.
Single Family
Built in 1865
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48813, Charlotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,757 (100%) |
| Owner Occupied HU | 6,674 (76.2%) |
| Renter Occupied HU | 1,648 (18.8%) |
| Vacant Housing Units | 435 ( 5.0%) |
| Median Home Value | $238,833 |
| Average Home Value | $262,106 |
Housing Distribution
Address Breakdown
Residential
8,672
Single Family
8,161
Multi-Family
511
Businesses
621
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