2123 Petoskey DrOtsegoMI49078
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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 Otsego at 2123 Petoskey Dr, Otsego, MI, 49078 uses $99,417 cash to close to unlock $2,762/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $2,508/mo, and a $1,468/mo payment keeps the spread at $230/mo. Purchase price stands at $299,900, and rental yield measures 10.04% with $2,508/mo rent. Return on cash invested shows 22.69% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 119.63% and total cumulative return in cash records $118,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,508/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
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