02780-2 Boyne Mountain Rd UNIT DOOR 349Boyne FallsMI49713
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
Rental property for sale in Boyne Falls at 02780-2 Boyne Mountain Rd UNIT DOOR 349, Boyne Falls, MI, 49713 generates $1,453/mo in rent and, after a $1,052/mo payment, leaves $36/mo in cash flow. Total monthly income is $1,453/mo, and annual cash flow is $426/yr on $71,273 invested. Return on cash invested sits at 20.51% in year one, and rental yield is 8.11% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 106.6% and total cumulative return in cash sums $75,973. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,453/mo property income rather than buyer’s personal income.
Condo
Built in 2005
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 |
Housing Distribution
Address Breakdown
Residential
958
Single Family
958
Multi-Family
0
Businesses
45
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Listed by: Grover Lamarr Hope • Boyne Realty Resort Sales, LLC Boyne Mtn.
Mls Name: Northern Michigan MLS
Mls ID: #478475