6366 W Houghton Lake Dr #6Houghton LakeMI48629
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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
Total monthly income runs $1,224/mo, and a $1,101/mo payment. Purchase price stands at $225,000, and rental yield measures 6.53% with $1,224/mo rent. Return on cash invested shows 15.73% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 81.02% and total cumulative return in cash records $60,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,356 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Tyler J Coleman-Dittrich • Berkshire Hathaway HomeServices
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #289334
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