223 Mallard AveHoughton 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
Investment property for sale in Houghton Lake at 223 Mallard Ave, Houghton Lake, MI, 48629 listed at $150,000 pairs $1,277/mo rent with a $734/mo payment to leave $288/mo cash flow. Total monthly income runs $1,277/mo, and annual cash flow reaches $3,456/yr on $49,725 cash to close. Return on cash invested measures 26.86% in year one, and rental yield registers 10.22% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 140.63% and total cumulative return in cash totals $69,930. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,277/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
4,050 sqft lot
$N/A/sqft
No HOA
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Listed by: Johnathan Johnson • Midge & Co-Luxury Lakefront Homes
Mls Name: WWMLS
Mls Provider:
Mls ID: #201836460
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