206 Redwine DrHoughton LakeMI48629
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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 Lake at 206 Redwine Dr, Houghton Lake, MI, 48629 generates $1,506/mo in rent, after a $1,223/mo payment. Total monthly income is $1,506/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 7.23% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 92.41% and total cumulative return in cash sums $76,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,506/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Steve Riedy • Coldwell Banker Schmidt Higgins Lake
Mls Name: WWMLS
Mls ID: #201837952