1253 Erie TrlBois Blanc IslandMI49775
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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
Investment Highlights
Rental property for sale in Bois Blanc Island at 1253 Erie Trl, Bois Blanc Island, MI, 49775 generates $1,380/mo in rent, after a $1,077/mo payment. Total monthly income is $1,380/mo. Return on cash invested sits at 18.74% in year one, and rental yield is 7.53% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 97.09% and total cumulative return in cash sums $70,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49775, Pointe Aux Pins, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 500 (100%) |
| Owner Occupied HU | 59 (11.8%) |
| Renter Occupied HU | 4 ( 0.8%) |
| Vacant Housing Units | 437 (87.4%) |
| Median Home Value | $242,500 |
| Average Home Value | $281,483 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
51
Multi-Family
0
Businesses
11
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Listed by: Larry Phillips • Bois Blanc Island Real Estate
Mls Name: EUPBR
Mls ID: #25-922