Redman Advantage II 2860-245 Plan, Butternut CreekCharlotteMI48813
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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 Charlotte at Redman Advantage II 2860-245 Plan, Butternut Creek, Charlotte, MI, 48813 generates $1,300/mo in rent and, after a $812/mo payment, leaves $206/mo in cash flow. Total monthly income is $1,300/mo, and annual cash flow is $2,472/yr on $54,996 invested. Return on cash invested sits at 24.4% in year one, and rental yield is 9.4% on a $165,900 entry. Equity gained on principal adds $1,071/yr, while 5% annual appreciation builds toward $45,835 over five years. Five-year ROI reaches 127.48% and total cumulative return in cash sums $70,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,300/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A 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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