608 Terrace Dr, Houghton Lake, MI, 48629 | $161/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Houghton Lake at 608 Terrace Dr, Houghton Lake, MI, 48629 uses $43,062 cash to close to unlock $1,934/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,018/mo, and a $636/mo payment keeps the spread at $161/mo. Purchase price stands at $129,900, and rental yield measures 9.4% with $1,018/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 127.59% and total cumulative return in cash records $54,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,018/mo property income covering a $636/mo payment rather than investor’s personal income.

Single Family

Built in 1964

0.25 Acres lot

$N/A/sqft

No HOA