1693 Sharkey RdLittle LakeMI49833
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1693 Sharkey Rd, Little Lake, MI, 49833 in Little Lake deserves attention. This $156,000 property earns $2,290/mo in rent, a 17.61% gross yield, and nets $1,261/mo after the $701/mo payment. DSCR 3.27 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $43,100 compounds alongside $1,437/yr in yearly equity build, for a total cumulative return of $140,626.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.6% | 6.2% |
| Monthly Cash Flow | $1,261 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,290 |
| Total Monthly Debt Service | $967 |
| DSCR Ratio | 2.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.44 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1960
0.44 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices