6709 E Houghton Lake Dr APT C, Houghton Lake, MI, 48629 | $530/mo Cash Flow

Off market

Motivated Seller

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
938 sft

1853 Muskegon Rd, Saint Helen, MI, 48656

2 Bed
1 Bath
1000 sft

1834 Meadowview St, Gladwin, MI, 48624

3 Bed
2 Bath
1232 sft

8100 E Arnold Lake Rd, Harrison, MI, 48625

3 Bed
2 Bath
1606 sft

1788 Highlanders Way, Gladwin, MI, 48624

Nearby investment properties with comparable prices

3 Bed
2 Bath
1440 sft

507 Englewood Dr, Roscommon, MI, 48653

4 Bed
2 Bath
1160 sft

9871 Manitowac Rd, Saint Helen, MI, 48656

2 Bed
1 Bath
620 sft

5641 Lakeside Dr, Gladwin, MI, 48624

2 Bed
1 Bath
800 sft

106 Channel Ct, Houghton Lake, MI, 48629

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Houghton Lake at 6709 E Houghton Lake Dr APT C, Houghton Lake, MI, 48629 earns $530/mo cash flow from $1,691/mo rent with a $862/mo payment. Total monthly income totals $1,691/mo, and annual cash flow totals $6,355/yr on $58,377 capital. ROI tracks 30.8% on current figures, and rental yield reads 11.52% at a $176,100 purchase. Equity gained on principal adds $1,136/yr, and 5% annual appreciation supports $48,653 over five years. Five-year ROI reaches 161.76% and total cumulative return in cash sums $94,432. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,691/mo property income instead of your personal income.

Manufactured

Built in N/A

N/A lot

$N/A/sqft

No HOA