1673 Goldenrod Dr,Houghton Lake,MI,48629

Investment Highlights

Investment property for sale in Houghton Lake at 1673 Goldenrod Dr, Houghton Lake, MI, 48629 listed at $225,000 pairs $1,493/mo rent with a $1,101/mo payment to leave $10/mo cash flow. Total monthly income runs $1,493/mo, and annual cash flow reaches $114/yr on $74,588 cash to close. Return on cash invested measures 20.06% in year one, and rental yield registers 7.96% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 104.2% and total cumulative return in cash totals $77,721. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,493/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).