6376 Rhodes RdHoughton LakeMI48629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6376 Rhodes Rd, Houghton Lake, MI, 48629 in Houghton Lake speaks for itself: 12.71% gross on a $599,000 price, generating $6,343/mo in rent and $2,393/mo in net income after the $2,693/mo debt service. DSCR 2.36, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $28,717 stacks alongside $165,493 in projected five-year appreciation and $5,517/yr in principal reduction. Projected total cumulative return: $382,216.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 7.0% |
| Monthly Cash Flow | $2,393 | $500 |
City averages based on Houghton Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,343 |
| Total Monthly Debt Service | $3,712 |
| DSCR Ratio | 1.71x |
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.
Single Family
Built in 2024
12.06 Acres 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
Single Family
Built in 2024
12.06 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices