535 W Pettibone DrBitelyMI49309
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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 Bitely at 535 W Pettibone Dr, Bitely, MI, 49309 with 5% annual appreciation on a $195,000 basis while $1,324/mo rent supports operations. Total monthly income totals $1,324/mo and a $954/mo payment preserves $39/mo for cash returns. Annual cash flow comes to $462/yr on $64,643 deployed, and return on cash invested reaches 20.62% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 8.15%. Five-year ROI measures 107.22% and total cumulative return in cash totals $69,310.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,324/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
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