19336 W Edwards AveHoughtonMI49931
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
Investment Highlights
Investment property for sale in Houghton at 19336 W Edwards Ave, Houghton, MI, 49931 uses $36,465 cash to close to unlock $1,524/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $852/mo, and a $538/mo payment keeps the spread at $127/mo. Purchase price stands at $110,000, and rental yield measures 9.29% with $852/mo rent. Return on cash invested shows 24.09% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 125.81% and total cumulative return in cash records $45,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $852/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices