114 Cass StHoughton 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
Investment property for sale in Houghton Lake at 114 Cass St, Houghton Lake, MI, 48629 offers a 9.15% rental yield on a $114,000 purchase with $869/mo rent. Total monthly income registers $869/mo, and a $558/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,406/yr on $37,791 to close, and return on cash invested stands at 23.63% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 123.41% and total cumulative return in cash at $46,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $869/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,800 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Mary Lou Cagle • Houghton Lake Realty
Mls Name: WWMLS
Mls Provider:
Mls ID: #201836663
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