701 7th AveHoughtonMI49931
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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
Investment property for sale in Houghton at 701 7th Ave, Houghton, MI, 49931 with 5% annual appreciation on a $449,000 basis while $5,118/mo rent supports operations. Total monthly income totals $5,118/mo and a $2,198/mo payment preserves $2,157/mo for cash returns. Annual cash flow comes to $25,880/yr on $148,844 deployed, and return on cash invested reaches 37.3% in year one. Equity gained on principal adds $2,897/yr, and five-year appreciation sums $124,050 alongside rental yield of 13.68%. Five-year ROI measures 196.61% and total cumulative return in cash totals $292,648.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,118/mo property income versus a $2,198/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49931, Houghton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 1,541 (44.1%) |
| Renter Occupied HU | 1,514 (43.3%) |
| Vacant Housing Units | 439 (12.6%) |
| Median Home Value | $250,764 |
| Average Home Value | $265,490 |
Housing Distribution
Address Breakdown
Residential
3,565
Single Family
2,608
Multi-Family
957
Businesses
489
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Listed by: DANIELLE HOSKINS • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50150381
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.