18918 Canal RdHoughtonMI49931
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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 at 18918 Canal Rd, Houghton, MI, 49931 generates $4,790/mo in rent, after a $4,195/mo payment. Total monthly income is $4,790/mo. Return on cash invested sits at 16.39% in year one, and rental yield is 6.71% on a $857,000 entry. Equity gained on principal adds $5,530/yr, while 5% annual appreciation builds toward $236,773 over five years. Five-year ROI reaches 84.5% and total cumulative return in cash sums $238,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,790/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49931, Houghton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 1,541 (44.1%) |
| Renter Occupied HU | 1,514 (43.3%) |
| Vacant Housing Units | 439 (12.6%) |
| Median Home Value | $250,764 |
| Average Home Value | $265,490 |
Housing Distribution
Address Breakdown
Residential
3,565
Single Family
2,608
Multi-Family
957
Businesses
489
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Listed by: BARBARA PARKER • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175224
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.