E 17007 Nevins Lake DrShingletonMI49884
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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 Shingleton at E 17007 Nevins Lake Dr, Shingleton, MI, 49884 earns from $1,642/mo rent with a $1,224/mo payment. Total monthly income totals $1,642/mo. ROI tracks 19.38% on current figures, and rental yield reads 7.88% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 100.72% and total cumulative return in cash sums $83,470. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,642/mo property income instead of your personal income.
Single Family
Built in 2003
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49884, Shingleton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 162 (59.3%) |
| Renter Occupied HU | 27 ( 9.9%) |
| Vacant Housing Units | 84 (30.8%) |
| Median Home Value | $194,643 |
| Average Home Value | $225,910 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
7
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Listed by: BETTY KINNUNEN • SELECT REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175260
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.