211 W Petoskey StGaylordMI49735
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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 Gaylord at 211 W Petoskey St, Gaylord, MI, 49735 uses $75,914 cash to close to unlock $5,984/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $2,009/mo, and a $1,121/mo payment keeps the spread at $499/mo. Purchase price stands at $229,000, and rental yield measures 10.53% with $2,009/mo rent. Return on cash invested shows 27.79% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 145.64% and total cumulative return in cash records $110,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,009/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49735, Gaylord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,592 (100%) |
| Owner Occupied HU | 6,690 (57.7%) |
| Renter Occupied HU | 2,091 (18.0%) |
| Vacant Housing Units | 2,811 (24.2%) |
| Median Home Value | $227,968 |
| Average Home Value | $262,810 |
Housing Distribution
Address Breakdown
Residential
9,514
Single Family
8,967
Multi-Family
547
Businesses
768
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