324 Powderhorn DrHoughton LakeMI48629
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 324 Powderhorn Dr, Houghton Lake, MI, 48629 in Houghton Lake fits: $545,000, 4.15% gross yield, and a projected 5% annual appreciation rate adding $150,573 in value within five years. Rental yield 4.15%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.77) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,020/yr in principal paydown and $150,573 in appreciation project a total return of $97,640.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 7.0% |
| Monthly Cash Flow | $(1,709) | $500 |
City averages based on Houghton Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,885 |
| Total Monthly Debt Service | $3,377 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1972
0.40 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1972
0.40 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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.