1656 E Sharkey StLittle LakeMI49833
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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 Little Lake at 1656 E Sharkey St, Little Lake, MI, 49833 offers a 0% rental yield on a $189,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2006
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49833, Little Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 272 (100%) |
| Owner Occupied HU | 78 (28.7%) |
| Renter Occupied HU | 8 ( 2.9%) |
| Vacant Housing Units | 186 (68.4%) |
| Median Home Value | $228,571 |
| Average Home Value | $257,628 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
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Listed by: SHERRY MCCARTHY • SELECT REALTY
Mls Name: Upper Peninsula AOR
Mls ID: #50193996