111 Terrace DrHoughton 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 111 Terrace Dr, Houghton Lake, MI, 48629 generates $809/mo in rent and, after a $514/mo payment, leaves $117/mo in cash flow. Total monthly income is $809/mo, and annual cash flow is $1,398/yr on $34,808 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 9.25% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 124.98% and total cumulative return in cash sums $43,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $809/mo property income rather than buyer’s personal income.
Manufactured
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Beth Olosky • eXp RealtyLLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931131
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.