1015 E Houghton AveHoughtonMI49931
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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 Houghton at 1015 E Houghton Ave, Houghton, MI, 49931 offers $2,641/mo rent that, after a $1,292/mo payment, leaves $794/mo cash flow. Total monthly income is $2,641/mo, and annual cash flow is $9,533/yr on $87,516 cash. Return on cash invested measures 30.8% in year one, and rental yield stands at 12% at a $264,000 entry. Equity gained on principal adds $1,704/yr while 5% annual appreciation compounds into $72,938 by year five. Five-year ROI records 162.34% and total cumulative return in cash reaches $142,069. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,641/mo property income versus a $1,292/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49931, Houghton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 1,541 (44.1%) |
| Renter Occupied HU | 1,514 (43.3%) |
| Vacant Housing Units | 439 (12.6%) |
| Median Home Value | $250,764 |
| Average Home Value | $265,490 |
Housing Distribution
Address Breakdown
Residential
3,565
Single Family
2,608
Multi-Family
957
Businesses
489
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Listed by: STEVEN ROWE • STATE WIDE OF HOUGHTON
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50161173
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.