3610 Tower Hill RdHoughton LakeMI48629
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
Rental property for sale in Houghton Lake at 3610 Tower Hill Rd, Houghton Lake, MI, 48629 generates $1,344/mo in rent and, after a $783/mo payment, leaves $289/mo in cash flow. Total monthly income is $1,344/mo, and annual cash flow is $3,470/yr on $53,007 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 10.09% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 138.56% and total cumulative return in cash sums $73,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,344/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.31 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Nagel • CB Schmidt Houghton Lake
Mls Name: WWMLS
Mls ID: #201837949