120 Hawley AveHoughton LakeMI48629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Houghton Lake rentals match the income profile of 120 Hawley Ave, Houghton Lake, MI, 48629. Listed at $185,000, gross rent is $2,341/mo and net cash flow is $1,121/mo, a 15.19% yield well above national averages. DSCR 2.81 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $51,112 by year five with $1,704/yr in annual principal reduction, projecting $142,637 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 7.0% |
| Monthly Cash Flow | $1,121 | $500 |
City averages based on Houghton Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,341 |
| Total Monthly Debt Service | $1,146 |
| DSCR Ratio | 2.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
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
Single Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices