123 Sandpiper Ave,Houghton Lake,MI,48629

Investment Highlights

Investment property for sale in Houghton Lake at 123 Sandpiper Ave, Houghton Lake, MI, 48629 listed at $129,900 pairs $1,020/mo rent with a $636/mo payment to leave $163/mo cash flow. Total monthly income runs $1,020/mo, and annual cash flow reaches $1,958/yr on $43,062 cash to close. Return on cash invested measures 24.46% in year one, and rental yield registers 9.42% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 127.87% and total cumulative return in cash totals $55,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).