810 E Lake StPetoskeyMI49770
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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 810 E Lake St, Petoskey, MI, 49770 at $1,890,000 posts ROI 2.5% with from $3,344/mo rent. Total monthly income equals $3,344/mo. Return on cash invested measures 2.5% and rental yield reads 2.12% at the current $1,890,000. Equity gained on principal adds $12,196/yr, and 5% annual appreciation supports $522,172 by year five. Five-year ROI prints 9.92% and total cumulative return in cash totals $60,727. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,344/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
0.33 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
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