3786 W Houghton Lake Dr #12 & 13Houghton LakeMI48629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 3786 W Houghton Lake Dr #12 & 13, Houghton Lake, MI, 48629 in Houghton Lake. At $179,000 it earns $1,554/mo in rent and distributes $374/mo to the owner after the $805/mo payment, a consistent 10.42% yield. DSCR 1.93 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $49,454 in value; $1,649/yr in principal paydown compounds ownership stake. Total projected return: $92,235.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.0% |
| Monthly Cash Flow | $374 | $500 |
City averages based on Houghton Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,554 |
| Total Monthly Debt Service | $1,109 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1936
N/A 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 1936
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marianne Quist • REMAX Central
Mls Name: NGLRMLS
Mls ID: #1936026