168 Townline RdPetoskeyMI49769
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 168 Townline Rd, Petoskey, MI, 49769 at $299,000 posts ROI 21.3% with $115/mo cash flow from $2,086/mo rent. Total monthly income equals $2,086/mo, and annual cash flow records $1,376/yr on $99,119 to close. Return on cash invested measures 21.3% and rental yield reads 8.37% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 110.83% and total cumulative return in cash totals $109,858.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,086/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
5.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
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