481 N Sorensen DrLittle LakeMI49833
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
Investment Highlights
Rental property for sale in Little Lake at 481 N Sorensen Dr, Little Lake, MI, 49833 offers $2,752/mo rent that, after a $1,395/mo payment, leaves $873/mo cash flow. Total monthly income is $2,752/mo, and annual cash flow is $10,470/yr on $94,478 cash. Return on cash invested measures 30.99% in year one, and rental yield stands at 11.59% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 162.81% and total cumulative return in cash reaches $153,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,752/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
3.48 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: RENEE SEABORG • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50171846
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