700 Hillside Dr APT 25PetoskeyMI49770
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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
Investment property for sale in Petoskey at 700 Hillside Dr APT 25, Petoskey, MI, 49770 offers a 10.12% rental yield on a $294,500 purchase with $2,484/mo rent. Total monthly income registers $2,484/mo, and a $1,441/mo payment leaves $542/mo available for distribution. Annual cash flow reaches $6,508/yr on $97,627 to close, and return on cash invested stands at 26.58% in year one. Equity gained on principal adds $1,900/yr while 5% annual appreciation supports $81,365 over five years. Portfolio math shows five-year ROI at 139.14% and total cumulative return in cash at $135,841. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,484/mo property income against a $1,441/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
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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