305 W Calverley StHoughtonMI49931
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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 305 W Calverley St, Houghton, MI, 49931 priced at $216,000 pairs $1,966/mo rent with $542/mo cash flow after a $1,057/mo payment. Total monthly income equals $1,966/mo, and annual cash flow comes to $6,502/yr on $71,604 invested. Return on cash invested is 28.99% in year one, and rental yield stands at 10.92% on a $216,000 basis. Equity gained on principal adds $1,394/yr, and 5% annual appreciation accumulates to $59,677 by year five. Five-year ROI measures 152.07% and total cumulative return in cash reaches $108,891. For financing, Ziffy Mortgage’s DSCR program evaluates $1,966/mo property income against a $1,057/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
5,227 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: KAREN LAHTI • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50172322
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.