503 W Baraga AveHoughtonMI49931
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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 503 W Baraga Ave, Houghton, MI, 49931 uses $58,013 cash to close to unlock $2,634/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,374/mo, and a $857/mo payment keeps the spread at $220/mo. Purchase price stands at $175,000, and rental yield measures 9.42% with $1,374/mo rent. Return on cash invested shows 24.45% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 127.76% and total cumulative return in cash records $74,119. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,374/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1914
5,662 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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