103 Grand Rapids RdHoughton LakeMI48629
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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 Lake at 103 Grand Rapids Rd, Houghton Lake, MI, 48629 priced at $135,000 converts $1,054/mo rent into $164/mo cash flow after a $661/mo obligation. Total monthly income equals $1,054/mo, and annual cash flow totals $1,962/yr on $44,753 invested. Return on cash invested prints 24.29% in year one, and rental yield reads 9.37% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 126.94% and total cumulative return in cash sums $56,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,054/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Danniel Becker • Weichert, Realtors - Home Towne
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284520
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS