114 Dale RdHoughton 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 Dale Rd, Houghton Lake, MI, 48629 offers a 19.23% rental yield on a $192,000 purchase with $3,077/mo rent. Total monthly income registers $3,077/mo, and a $940/mo payment leaves $1,811/mo available for distribution. Annual cash flow reaches $21,727/yr on $63,648 to close, and return on cash invested stands at 54.05% in year one. Equity gained on principal adds $1,239/yr while 5% annual appreciation supports $53,046 over five years. Portfolio math shows five-year ROI at 286.47% and total cumulative return in cash at $182,332. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,077/mo property income against a $940/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Amanda Wallace • Northern Lakes Properties
Mls Name: WWMLS
Mls Provider:
Mls ID: #201827934
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