6344 W Houghton Lake Dr #8, Houghton Lake, MI, 48629 | $383/mo Cash Flow

Off market

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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 6344 W Houghton Lake Dr #8, Houghton Lake, MI, 48629 offers a 12.32% rental yield on a $104,200 purchase with $1,070/mo rent. Total monthly income registers $1,070/mo, and a $510/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,594/yr on $34,542 to close, and return on cash invested stands at 33.21% in year one. Equity gained on principal adds $672/yr while 5% annual appreciation supports $28,789 over five years. Portfolio math shows five-year ROI at 174.68% and total cumulative return in cash at $60,339. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,070/mo property income against a $510/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

3,484 sqft lot

$N/A/sqft

No HOA