01690-1B E Strasse #1-B-25, Boyne City, MI, 49712 | $2,279/mo Cash Flow

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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

Investment property for sale in Boyne City at 01690-1B E Strasse #1-B-25, Boyne City, MI, 49712 offers a 20.94% rental yield on a $210,000 purchase with $3,664/mo rent. Total monthly income registers $3,664/mo, and a $1,028/mo payment leaves $2,279/mo available for distribution. Annual cash flow reaches $27,348/yr on $69,615 to close, and return on cash invested stands at 59.19% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 314.02% and total cumulative return in cash at $218,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,664/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49712, Boyne City, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,368 (100%)
Owner Occupied HU	2,983 (55.6%)
Renter Occupied HU	671 (12.5%)
Vacant Housing Units	1,714 (31.9%)
Median Home Value	$299,918
Average Home Value	$392,153