6344 W Houghton Lake Dr #8Houghton LakeMI48629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 6344 W Houghton Lake Dr #8, Houghton Lake, MI, 48629 in Houghton Lake. At $104,200 it earns $1,070/mo in rent and distributes $383/mo to the owner after the $469/mo payment, a consistent 12.33% yield. DSCR 2.28 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $28,789 in value; $960/yr in principal paydown compounds ownership stake. Total projected return: $64,301.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 7.0% |
| Monthly Cash Flow | $383 | $500 |
City averages based on Houghton Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,070 |
| Total Monthly Debt Service | $646 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in N/A
3,484 sqft 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
Condo
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A