4286 Howard RdPetoskeyMI49770
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 Petoskey at 4286 Howard Rd, Petoskey, MI, 49770 generates $3,905/mo in rent and, after a $1,968/mo payment, leaves $1,254/mo in cash flow. Total monthly income is $3,905/mo, and annual cash flow is $15,043/yr on $133,263 invested. Return on cash invested sits at 31.2% in year one, and rental yield is 11.66% on a $402,000 entry. Equity gained on principal adds $2,594/yr, while 5% annual appreciation builds toward $111,065 over five years. Five-year ROI reaches 163.92% and total cumulative return in cash sums $218,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,905/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices