3440 Lakeside Dr N APT 60PetoskeyMI49770
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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 Petoskey at 3440 Lakeside Dr N APT 60, Petoskey, MI, 49770 earns from $1,735/mo rent with a $1,334/mo payment. Total monthly income totals $1,735/mo. ROI tracks 13.83% on current figures, and rental yield reads 7.64% at a $272,500 purchase. Equity gained on principal adds $1,758/yr, and 5% annual appreciation supports $75,287 over five years. Five-year ROI reaches 72.72% and total cumulative return in cash sums $65,694. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,735/mo property income instead of your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49770, Petoskey, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,448 (100%) |
| Owner Occupied HU | 5,615 (53.7%) |
| Renter Occupied HU | 2,324 (22.2%) |
| Vacant Housing Units | 2,509 (24.0%) |
| Median Home Value | $336,183 |
| Average Home Value | $446,093 |
Housing Distribution
Address Breakdown
Residential
9,179
Single Family
8,003
Multi-Family
1,176
Businesses
1,216
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