1112 Howard StPetoskeyMI49770
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 Petoskey at 1112 Howard St, Petoskey, MI, 49770 at $489,000 posts ROI 21.92% with $272/mo cash flow from $3,496/mo rent. Total monthly income equals $3,496/mo, and annual cash flow records $3,260/yr on $162,104 to close. Return on cash invested measures 21.92% and rental yield reads 8.58% at the current $489,000. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 by year five. Five-year ROI prints 114.16% and total cumulative return in cash totals $185,050.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,496/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49770, Petoskey, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,448 (100%) |
| Owner Occupied HU | 5,615 (53.7%) |
| Renter Occupied HU | 2,324 (22.2%) |
| Vacant Housing Units | 2,509 (24.0%) |
| Median Home Value | $336,183 |
| Average Home Value | $446,093 |
Housing Distribution
Address Breakdown
Residential
9,179
Single Family
8,003
Multi-Family
1,176
Businesses
1,216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Flynn • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474911
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.