47966 Main StHoughtonMI49931
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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 at 47966 Main St, Houghton, MI, 49931 listed at $175,900 pairs $1,384/mo rent with a $861/mo payment to leave $224/mo cash flow. Total monthly income runs $1,384/mo, and annual cash flow reaches $2,688/yr on $58,311 cash to close. Return on cash invested measures 24.52% in year one, and rental yield registers 9.44% at a $175,900 basis. Equity gained on principal adds $1,135/yr, and annual property appreciation at 5% supports $48,598 by year five. Five-year ROI tracks 128.07% and total cumulative return in cash totals $74,677. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,384/mo property income relative to a $861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1864
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49931, Houghton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 1,541 (44.1%) |
| Renter Occupied HU | 1,514 (43.3%) |
| Vacant Housing Units | 439 (12.6%) |
| Median Home Value | $250,764 |
| Average Home Value | $265,490 |
Housing Distribution
Address Breakdown
Residential
3,565
Single Family
2,608
Multi-Family
957
Businesses
489
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