107 E South AveHoughtonMI49931
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 Houghton at 107 E South Ave, Houghton, MI, 49931 priced at $184,900 pairs $1,419/mo rent with $200/mo cash flow after a $905/mo payment. Total monthly income equals $1,419/mo, and annual cash flow comes to $2,396/yr on $61,294 invested. Return on cash invested is 23.82% in year one, and rental yield stands at 9.21% on a $184,900 basis. Equity gained on principal adds $1,193/yr, and 5% annual appreciation accumulates to $51,084 by year five. Five-year ROI measures 124.35% and total cumulative return in cash reaches $76,219. For financing, Ziffy Mortgage’s DSCR program evaluates $1,419/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices