310 W Douglass AveHoughtonMI49931
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
Investment property for sale in Houghton at 310 W Douglass Ave, Houghton, MI, 49931 at $274,800 posts ROI 27.07% with $544/mo cash flow from $2,356/mo rent. Total monthly income equals $2,356/mo, and annual cash flow records $6,526/yr on $91,096 to close. Return on cash invested measures 27.07% and rental yield reads 10.29% at the current $274,800. Equity gained on principal adds $1,773/yr, and 5% annual appreciation supports $75,922 by year five. Five-year ROI prints 141.79% and total cumulative return in cash totals $129,164.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,356/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
5,662 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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