602 W Hougton Lake Dr #BHoughton 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
Rental property for sale in Houghton Lake at 602 W Hougton Lake Dr #B, Houghton Lake, MI, 48629 offers $1,229/mo rent that, after a $1,028/mo payment. Total monthly income is $1,229/mo. Return on cash invested measures 17.22% in year one, and rental yield stands at 7.02% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 88.95% and total cumulative return in cash reaches $61,924. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,229/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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