1357-46 Powder Ridge Dr #46A-846, Boyne Falls, MI, 49713 | $488/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1557 sft

11588 Bilder Rd, Wolverine, MI, 49799

3 Bed
2 Bath
1820 sft

2550 Kladder Rd, Bellaire, MI, 49615

2 Bed
1 Bath
1000 sft

6812 Conrad Rd, Mancelona, MI, 49659

1 Bed
1 Bath
531 sft

101 Michigan Ave #105, Charlevoix, MI, 49720

Nearby investment properties with comparable prices

2 Bed
2 Bath
833 sft

761 Logmark Trl #141 & 142, Gaylord, MI, 49735

3 Bed
1 Bath
1580 sft

1944 West St, Central Lake, MI, 49622

Currently Rented+ 1 more

2 Bed
1 Bath
1200 sft

6120 Old 31 S, Charlevoix, MI, 49720

1 Bed
1 Bath
800 sft

4030 Maple Way Trl, Mancelona, MI, 49659

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Boyne Falls at 1357-46 Powder Ridge Dr #46A-846, Boyne Falls, MI, 49713 offers a 10.85% rental yield on a $199,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $974/mo payment leaves $488/mo available for distribution. Annual cash flow reaches $5,852/yr on $65,969 to close, and return on cash invested stands at 28.78% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 150.97% and total cumulative return in cash at $99,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A 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