227 Joliet Ave, Houghton lake, MI, 48629 | $115/mo Cash Flow

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Houghton lake at 227 Joliet Ave, Houghton lake, MI, 48629 uses $77,869 cash to close to unlock $1,376/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $1,664/mo, and a $1,150/mo payment keeps the spread at $115/mo. Purchase price stands at $234,900, and rental yield measures 8.5% with $1,664/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 112.86% and total cumulative return in cash records $87,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,664/mo property income covering a $1,150/mo payment rather than investor’s personal income.

Single Family

Built in N/A

1.04 Acres lot

$N/A/sqft

No HOA