29 E Vesey 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
Investment property for sale in Petersburg at 29 E Vesey St, Petersburg, MI, 49270 at $175,000 posts ROI 39.22% with $934/mo cash flow from $2,088/mo rent. Total monthly income equals $2,088/mo, and annual cash flow records $11,202/yr on $58,013 to close. Return on cash invested measures 39.22% and rental yield reads 14.32% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 206.97% and total cumulative return in cash totals $120,067.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,088/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
0.45 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: Karen Norton • Karen Norton-Broker
Mls Name: MiRealSource
Mls ID: #50193387