109 Norris StHoughton Lake HeightsMI48630
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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 Houghton Lake Heights at 109 Norris St, Houghton Lake Heights, MI, 48630 with 5% annual appreciation on a $265,900 basis while $0/mo rent supports operations. 96% in year one. Equity gained on principal adds $1,716/yr, and five-year appreciation sums $73,463 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $1,301/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48630, Houghton Lake Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 304 (100%) |
| Owner Occupied HU | 98 (32.2%) |
| Renter Occupied HU | 40 (13.2%) |
| Vacant Housing Units | 166 (54.6%) |
| Median Home Value | $110,714 |
| Average Home Value | $124,005 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
9
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Listed by: Thomas Cheslik • Epique Realty
Mls Name: Realcomp II
Mls ID: #20261000156