2103 Balsam LnHoughtonMI49931
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
Rental property for sale in Houghton at 2103 Balsam Ln, Houghton, MI, 49931 generates $3,546/mo in rent and, after a $1,855/mo payment, leaves $1,047/mo in cash flow. Total monthly income is $3,546/mo, and annual cash flow is $12,560/yr on $125,639 invested. Return on cash invested sits at 29.91% in year one, and rental yield is 11.23% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 156.99% and total cumulative return in cash sums $197,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,546/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
0.46 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices