02780-163 Boyne Mountain Rd UNIT DOOR 382, Boyne Falls, MI, 49713 | $2,663/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 Falls at 02780-163 Boyne Mountain Rd UNIT DOOR 382, Boyne Falls, MI, 49713 offers a 17.18% rental yield on a $344,900 purchase with $4,937/mo rent. Total monthly income registers $4,937/mo, and a $1,688/mo payment leaves $2,663/mo available for distribution. Annual cash flow reaches $31,952/yr on $114,334 to close, and return on cash invested stands at 47.86% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,290 over five years. Portfolio math shows five-year ROI at 253.24% and total cumulative return in cash at $289,545. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,937/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49713, Boyne Falls, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,444 (100%)
Owner Occupied HU	757 (52.4%)
Renter Occupied HU	120 ( 8.3%)
Vacant Housing Units	567 (39.3%)
Median Home Value	$250,234
Average Home Value	$338,748