550 Goldenrod DrHoughton 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 550 Goldenrod Dr, Houghton Lake, MI, 48629 uses $56,355 cash to close to unlock $13,332/yr annual cash flow and $1,111/mo monthly cash flow. Total monthly income runs $2,232/mo, and a $832/mo payment keeps the spread at $1,111/mo. Purchase price stands at $170,000, and rental yield measures 15.76% with $2,232/mo rent. Return on cash invested shows 43.57% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 230.22% and total cumulative return in cash records $129,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,232/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
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Listed by: The McDonald Team • RE/MAX of Higgins Lake
Mls Name: WWMLS
Mls Provider:
Mls ID: #201835793
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