3983 McNeil DrPetersburgMI49270
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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
Investment property for sale in Petersburg at 3983 McNeil Dr, Petersburg, MI, 49270 offers a 8.38% rental yield on a $309,900 purchase with $2,165/mo rent. Total monthly income registers $2,165/mo, and a $1,517/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,454/yr on $102,732 to close, and return on cash invested stands at 21.32% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 110.99% and total cumulative return in cash at $114,024. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,165/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.47 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: #50184932