116 Ithaca 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 116 Ithaca Rd, Houghton Lake, MI, 48629 with 5% annual appreciation on a $105,000 basis while $795/mo rent supports operations. Total monthly income totals $795/mo and a $514/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,230/yr on $34,808 deployed, and return on cash invested reaches 23.44% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 9.09%. Five-year ROI measures 122.39% and total cumulative return in cash totals $42,602.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $795/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
3,240 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jeff Radzik • Century 21 Realty North Houghton Lake
Mls Name: WWMLS
Mls Provider:
Mls ID: #201834081
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