3873 Tower Hill RdHoughton LakeMI48629
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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 3873 Tower Hill Rd, Houghton Lake, MI, 48629 earns $1,285/mo cash flow from $2,669/mo rent with a $1,027/mo payment. Total monthly income totals $2,669/mo, and annual cash flow totals $15,422/yr on $69,582 capital. ROI tracks 42.07% on current figures, and rental yield reads 15.26% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 222.28% and total cumulative return in cash sums $154,664. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,669/mo property income instead of your personal income.
Single Family
Built in 1984
0.93 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Penney Brinks • Five Star Real Estate - Shelby St Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926723
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.