136 Lakeridge TrlBoyne CityMI49712
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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 Boyne City at 136 Lakeridge Trl, Boyne City, MI, 49712 priced at $869,900 pairs $5,429/mo rent with after a $4,258/mo payment. Total monthly income equals $5,429/mo. Return on cash invested is 18.77% in year one, and rental yield stands at 7.49% on a $869,900 basis. Equity gained on principal adds $5,613/yr, and 5% annual appreciation accumulates to $240,337 by year five. Five-year ROI measures 97.24% and total cumulative return in cash reaches $278,309. For financing, Ziffy Mortgage’s DSCR program evaluates $5,429/mo property income against a $4,258/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
2.50 Acres 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: Jerry Garner • Century 21 Forward (BR)
Mls Name: MichRIC
Mls ID: #25058340