1020 Dam Rd, Boyne City, MI, 49712 | 6.99% Rental Yield

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Ziffy Mortgage

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

Total monthly income runs $2,328/mo, and a $1,957/mo payment. Purchase price stands at $399,900, and rental yield measures 6.99% with $2,328/mo rent. Return on cash invested shows 17.11% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 88.4% and total cumulative return in cash records $117,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,328/mo property income covering a $1,957/mo payment rather than investor’s personal income.

Single Family

Built in N/A

1 Acres 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