8118 E Mitchell RdPetoskeyMI49770
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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 8118 E Mitchell Rd, Petoskey, MI, 49770 at $339,000 posts ROI 20.29% with $36/mo cash flow from $2,271/mo rent. Total monthly income equals $2,271/mo, and annual cash flow records $428/yr on $112,379 to close. Return on cash invested measures 20.29% and rental yield reads 8.04% at the current $339,000. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 by year five. Five-year ROI prints 105.42% and total cumulative return in cash totals $118,468.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,271/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
2 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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