11545 & 11499 Townpump RdBoyne 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
Investment property for sale in Boyne Falls at 11545 & 11499 Townpump Rd, Boyne Falls, MI, 49713 offers a 2.43% rental yield on a $888,000 purchase with $1,800/mo rent. 4% in year one. Equity gained on principal adds $5,730/yr while 5% annual appreciation supports $245,338 over five years. Portfolio math shows five-year ROI at 14.83% and total cumulative return in cash at $43,332. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $4,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
50 Acres 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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Nearby investment properties with comparable prices
Listed by: Laurie Hodack • Coldwell Banker Schmidt - Boyne City
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474750
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.