1189 Ridgeline DrBoyne CityMI49712
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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 City at 1189 Ridgeline Dr, Boyne City, MI, 49712 at $1,450,000 posts ROI 10.74% with from $5,948/mo rent. Total monthly income equals $5,948/mo. Return on cash invested measures 10.74% and rental yield reads 4.92% at the current $1,450,000. Equity gained on principal adds $9,357/yr, and 5% annual appreciation supports $400,608 by year five. Five-year ROI prints 54.26% and total cumulative return in cash totals $254,913. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,948/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
2.90 Acres lot
$N/A/sqft
$1,007 annually 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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Nearby investment properties with comparable prices
Listed by: Jeanette Gillespie • Coldwell Banker Schmidt-Bellai
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926434
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.