405 Myers AveHoughton Lake HeightsMI48630
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 Heights at 405 Myers Ave, Houghton Lake Heights, MI, 48630 priced at $205,000 converts $1,452/mo rent into $101/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,452/mo, and annual cash flow totals $1,206/yr on $67,958 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 8.5% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 112.91% and total cumulative return in cash sums $76,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,452/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48630, Houghton Lake Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 304 (100%) |
| Owner Occupied HU | 98 (32.2%) |
| Renter Occupied HU | 40 (13.2%) |
| Vacant Housing Units | 166 (54.6%) |
| Median Home Value | $110,714 |
| Average Home Value | $124,005 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
9
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Nearby investment properties with comparable prices
Listed by: Stephanie Adamson • Century 21 Realty North Houghton Lake
Mls Name: WWMLS
Mls ID: #201836455