20121 Pilgrim 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
Investment property for sale in Houghton at 20121 Pilgrim Rd, Houghton, MI, 49931 offers a 16.46% rental yield on a $379,900 purchase with $5,210/mo rent. Total monthly income registers $5,210/mo, and a $1,859/mo payment leaves $2,705/mo available for distribution. Annual cash flow reaches $32,462/yr on $125,937 to close, and return on cash invested stands at 45.69% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 241.62% and total cumulative return in cash at $304,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,210/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.06 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: KEVIN LIIMATTA • STATE WIDE OF HOUGHTON
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50142440
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.