6366 W Houghton Lake Dr, Houghton Lake, MI, 48629 | 6.97% Rental Yield

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

Rental property for sale in Houghton Lake at 6366 W Houghton Lake Dr, Houghton Lake, MI, 48629 offers $1,450/mo rent that, after a $1,222/mo payment. Total monthly income is $1,450/mo. Return on cash invested measures 17.06% in year one, and rental yield stands at 6.97% at a $249,600 entry. Equity gained on principal adds $1,611/yr while 5% annual appreciation compounds into $68,960 by year five. Five-year ROI records 88.12% and total cumulative return in cash reaches $72,916. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,450/mo property income versus a $1,222/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1930

2,178 sqft lot

$N/A/sqft

No HOA