113 WellsHoughton Lake HeightsMI48630
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
Investment property for sale in Houghton Lake Heights at 113 Wells, Houghton Lake Heights, MI, 48630 earns from $1,735/mo rent with a $1,345/mo payment. Total monthly income totals $1,735/mo. ROI tracks 18.89% on current figures, and rental yield reads 7.58% at a $274,700 purchase. Equity gained on principal adds $1,773/yr, and 5% annual appreciation supports $75,895 over five years. Five-year ROI reaches 98% and total cumulative return in cash sums $89,245. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,735/mo property income instead of your personal income.
Single Family
Built in 1990
8,712 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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Nearby investment properties with comparable prices
Listed by: James Theisen • Midge & Co
Mls Name: MiRealSource
Mls ID: #50191924