630 W Houghton Lake DrPrudenvilleMI48651
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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 Prudenville at 630 W Houghton Lake Dr, Prudenville, MI, 48651 offers a 9.49% rental yield on a $172,000 purchase with $1,360/mo rent. Total monthly income registers $1,360/mo, and a $842/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,707/yr on $57,018 to close, and return on cash invested stands at 24.66% in year one. Equity gained on principal adds $1,110/yr while 5% annual appreciation supports $47,520 over five years. Portfolio math shows five-year ROI at 128.89% and total cumulative return in cash at $73,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,360/mo property income against a $842/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1960
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48651, Prudenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,094 (100%) |
| Owner Occupied HU | 1,832 (44.7%) |
| Renter Occupied HU | 480 (11.7%) |
| Vacant Housing Units | 1,782 (43.5%) |
| Median Home Value | $208,261 |
| Average Home Value | $247,688 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,621
Multi-Family
72
Businesses
165
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Listed by: Connie J Allen • Century 21 Signature Realty - Bay City
Mls Name: MiRealSource
Mls ID: #50189128