303 E South 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
Investment property for sale in Houghton at 303 E South Ave, Houghton, MI, 49931 uses $135,915 cash to close to unlock $29,844/yr annual cash flow and $2,487/mo monthly cash flow. Total monthly income runs $5,191/mo, and a $2,007/mo payment keeps the spread at $2,487/mo. Purchase price stands at $410,000, and rental yield measures 15.19% with $5,191/mo rent. Return on cash invested shows 41.87% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 221.11% and total cumulative return in cash records $300,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,191/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.75 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
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Listed by: BRIAN RIMPELA • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50141959
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.