389 Hillview DrPetoskeyMI49770
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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 Petoskey at 389 Hillview Dr, Petoskey, MI, 49770 generates $3,508/mo in rent and, after a $2,251/mo payment, leaves $475/mo in cash flow. Total monthly income is $3,508/mo, and annual cash flow is $5,702/yr on $152,457 invested. Return on cash invested sits at 23.65% in year one, and rental yield is 9.15% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 123.45% and total cumulative return in cash sums $188,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,508/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.50 Acres lot
$N/A/sqft
No 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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