324 Powderhorn DrHoughton LakeMI48629
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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 Lake at 324 Powderhorn Dr, Houghton Lake, MI, 48629 with 5% annual appreciation on a $545,000 basis while $1,885/mo rent supports operations. 62% in year one. Equity gained on principal adds $3,517/yr, and five-year appreciation sums $150,573 alongside rental yield of 4.15%. Five-year ROI measures 42.81% and total cumulative return in cash totals $76,764. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,885/mo property income versus a $2,668/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.40 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: RUTH CLEMENS • COLDWELL BANKER SCHMIDT REALTORS-HL
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1938290
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.