6120 W Houghton Lake DrHoughton LakeMI48629
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 6120 W Houghton Lake Dr, Houghton Lake, MI, 48629 in Houghton Lake is capital appreciation. Rental yield 4.35%. The 4.35% gross yield at $699,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $193,121 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.81) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $132,669.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 7.0% |
| Monthly Cash Flow | $(2,076) | $500 |
City averages based on Houghton Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,533 |
| Total Monthly Debt Service | $4,331 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2012
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2012
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jack Burdick • Century 21 Realty North Houghton Lake
Mls Name: WWMLS
Mls ID: #201837818