1113 Wheeler Rd, Boyne City, MI, 49712 | $833/mo Cash Flow

For Sale

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

Rental property for sale in Boyne City at 1113 Wheeler Rd, Boyne City, MI, 49712 priced at $334,900 converts $3,041/mo rent into $833/mo cash flow after a $1,639/mo obligation. Total monthly income equals $3,041/mo, and annual cash flow totals $9,992/yr on $111,019 invested. Return on cash invested prints 28.91% in year one, and rental yield reads 10.9% against a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation compiles into $92,527 by year five. Five-year ROI reaches 151.65% and total cumulative return in cash sums $168,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,041/mo property income covering a $1,639/mo payment, not borrower’s personal income.

Single Family

Built in 1975

1.70 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