421 Wachtel AvePetoskeyMI49770
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
Investment property for sale in Petoskey at 421 Wachtel Ave, Petoskey, MI, 49770 earns from $2,591/mo rent with a $2,330/mo payment. Total monthly income totals $2,591/mo. ROI tracks 15.74% on current figures, and rental yield reads 6.53% at a $476,000 purchase. Equity gained on principal adds $3,072/yr, and 5% annual appreciation supports $131,510 over five years. Five-year ROI reaches 81.02% and total cumulative return in cash sums $127,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,591/mo property income instead of your personal income.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices