841 Crooked Tree 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 841 Crooked Tree Dr, Petoskey, MI, 49770 priced at $498,000 converts $3,174/mo rent into after a $2,437/mo obligation. Total monthly income equals $3,174/mo. Return on cash invested prints 19.11% in year one, and rental yield reads 7.65% against a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation compiles into $137,588 by year five. Five-year ROI reaches 99.11% and total cumulative return in cash sums $163,612. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,174/mo property income covering a $2,437/mo payment, not borrower’s personal income.
Condo
Built in 2000
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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Listed by: Ashton Clark • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475542
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.