208 E Montezuma AveHoughtonMI49931
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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 208 E Montezuma Ave, Houghton, MI, 49931 priced at $940,000 pairs $2,408/mo rent with after a $4,601/mo payment. Total monthly income equals $2,408/mo. Return on cash invested is 5.35% in year one, and rental yield stands at 3.07% on a $940,000 basis. Equity gained on principal adds $6,066/yr, and 5% annual appreciation accumulates to $259,705 by year five. Five-year ROI measures 25.27% and total cumulative return in cash reaches $78,138. For financing, Ziffy Mortgage’s DSCR program evaluates $2,408/mo property income against a $4,601/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2010
4,791 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
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Listed by: KRISTINE WEIDNER (JUKURI) • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50136735
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