707 W Douglass AveHoughtonMI49931
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
Investment Highlights
Investment property for sale in Houghton at 707 W Douglass Ave, Houghton, MI, 49931 earns $743/mo cash flow from $2,226/mo rent with a $1,101/mo payment. Total monthly income totals $2,226/mo, and annual cash flow totals $8,912/yr on $74,554 capital. ROI tracks 31.86% on current figures, and rental yield reads 11.88% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 167.49% and total cumulative return in cash sums $124,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,226/mo property income instead of your personal income.
Single Family
Built in N/A
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices