37 W Chestnut StPetersburgMI49270
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 37 W Chestnut St, Petersburg, MI, 49270 priced at $189,900 converts $1,678/mo rent into $426/mo cash flow after a $929/mo obligation. Total monthly income equals $1,678/mo, and annual cash flow totals $5,114/yr on $62,952 invested. Return on cash invested prints 28.03% in year one, and rental yield reads 10.6% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 147.02% and total cumulative return in cash sums $92,549. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,678/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.40 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: Susan Kujawa • Vandergrift Company - Lambertville
Mls Name: MiRealSource
Mls ID: #50196143