196 E Walnut StPetersburgMI49270
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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 Petersburg at 196 E Walnut St, Petersburg, MI, 49270 generates $1,591/mo in rent and, after a $881/mo payment, leaves $404/mo in cash flow. Total monthly income is $1,591/mo, and annual cash flow is $4,850/yr on $59,637 invested. Return on cash invested sits at 28.04% in year one, and rental yield is 10.61% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 147.07% and total cumulative return in cash sums $87,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,591/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49270, Petersburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,402 (100%) |
| Owner Occupied HU | 2,100 (87.4%) |
| Renter Occupied HU | 219 ( 9.1%) |
| Vacant Housing Units | 83 ( 3.5%) |
| Median Home Value | $302,356 |
| Average Home Value | $317,695 |
Housing Distribution
Address Breakdown
Residential
2,356
Single Family
2,332
Multi-Family
24
Businesses
67
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Listed by: Jacob Levicki • eXp Realty LLC in Monroe
Mls Name: MiRealSource
Mls ID: #50195909