16728 Short RdPelkieMI49958
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Nearby investment properties with comparable prices
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 Pelkie at 16728 Short Rd, Pelkie, MI, 49958 listed at $200,500 pairs $1,442/mo rent with a $981/mo payment to leave $120/mo cash flow. Total monthly income runs $1,442/mo, and annual cash flow reaches $1,442/yr on $66,466 cash to close. Return on cash invested measures 22.08% in year one, and rental yield registers 8.63% at a $200,500 basis. Equity gained on principal adds $1,294/yr, and annual property appreciation at 5% supports $55,394 by year five. Five-year ROI tracks 115.07% and total cumulative return in cash totals $76,485. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,442/mo property income relative to a $981/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49958, Pelkie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 986 (100%) |
| Owner Occupied HU | 534 (54.2%) |
| Renter Occupied HU | 51 ( 5.2%) |
| Vacant Housing Units | 401 (40.7%) |
| Median Home Value | $181,000 |
| Average Home Value | $241,695 |
Housing Distribution
Address Breakdown
Residential
567
Single Family
567
Multi-Family
0
Businesses
24
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Listed by: TRAVIS KILPELA • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50183273
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