1029 E Main St, Boyne City, MI, 49712 | $3,289/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

Rental property for sale in Boyne City at 1029 E Main St, Boyne City, MI, 49712 generates $5,695/mo in rent and, after a $1,786/mo payment, leaves $3,289/mo in cash flow. Total monthly income is $5,695/mo, and annual cash flow is $39,462/yr on $120,998 invested. Return on cash invested sits at 52.52% in year one, and rental yield is 18.72% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 278.27% and total cumulative return in cash sums $336,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,695/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

0.54 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