116 Jefferson Ave

• Price Position: At $179.49/sqft, the property is priced above the median price per sqft of $158 in the area, suggesting it may be overpriced relative to the market. • Appreciation Trend: Homes in 48629 have sold for 5.8% more than they did a year ago, indicating moderate appreciation. • Rental Income: $800/month with 90% occupancy (0.1% cap rate) • Future Development: No specific planned developments are mentioned, but the proximity to Houghton Lake suggests potential for tourism-related business growth. • The main living area benefits from good natural light due to the large windows. The other rooms have limited natural light due to smaller windows and the dark wood paneling. • The layout appears to be a simple, functional design with an open living/kitchen area and separate bedrooms. The small bathroom is typical for a cottage of this size. The flow between rooms is adequate, but the overall space is limited.