118 W Michigan AveBoyne CityMI49712
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 City at 118 W Michigan Ave, Boyne City, MI, 49712 priced at $174,900 pairs $1,422/mo rent with $269/mo cash flow after a $856/mo payment. Total monthly income equals $1,422/mo, and annual cash flow comes to $3,224/yr on $57,979 invested. Return on cash invested is 25.47% in year one, and rental yield stands at 9.76% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 133.23% and total cumulative return in cash reaches $77,244. For financing, Ziffy Mortgage’s DSCR program evaluates $1,422/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A 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 |
Housing Distribution
Address Breakdown
Residential
4,159
Single Family
3,938
Multi-Family
221
Businesses
346
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Listed by: Brad Morton • Berkshire Hathaway HomeServices Real Estate - BC
Mls Name: Northern Michigan MLS
Mls ID: #478445