1761 Lake Haven DrLittle 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
Rental property for sale in Little Lake at 1761 Lake Haven Dr, Little Lake, MI, 49833 generates $1,970/mo in rent, after a $2,242/mo payment. Total monthly income is $1,970/mo. Return on cash invested sits at 11.61% in year one, and rental yield is 5.16% on a $458,000 entry. Equity gained on principal adds $2,955/yr, while 5% annual appreciation builds toward $126,537 over five years. Five-year ROI reaches 58.86% and total cumulative return in cash sums $89,361. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
2.65 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: TERRY HUFFMAN • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50178351
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.