119 Capital 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
Rental property for sale in Houghton Lake at 119 Capital Rd, Houghton Lake, MI, 48629 priced at $120,000 pairs $924/mo rent with $133/mo cash flow after a $587/mo payment. Total monthly income equals $924/mo, and annual cash flow comes to $1,596/yr on $39,780 invested. Return on cash invested is 23.92% in year one, and rental yield stands at 9.24% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 124.84% and total cumulative return in cash reaches $49,663. For financing, Ziffy Mortgage’s DSCR program evaluates $924/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
3,200 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Corey Bohnsack • NextHome Up North
Mls Name: WWMLS
Mls Provider:
Mls ID: #201830627
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