311 Saline 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 311 Saline St, Petersburg, MI, 49270 offers $1,242/mo rent that, after a $978/mo payment. Total monthly income is $1,242/mo. Return on cash invested measures 18.5% in year one, and rental yield stands at 7.46% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 95.87% and total cumulative return in cash reaches $63,529. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,242/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
8,712 sqft 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: Jeanee Gilson • Michigan Living Real Estate
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50146417
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