6182 Quarry Ridge 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 6182 Quarry Ridge Dr, Petoskey, MI, 49770 priced at $1,549,000 converts $5,453/mo rent into after a $7,582/mo obligation. Total monthly income equals $5,453/mo. Return on cash invested prints 8.98% in year one, and rental yield reads 4.22% against a $1,549,000 entry. Equity gained on principal adds $9,995/yr, while 5% annual appreciation compiles into $427,960 by year five. Five-year ROI reaches 44.7% and total cumulative return in cash sums $224,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,453/mo property income covering a $7,582/mo payment, not borrower’s personal income.
Condo
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
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