1367 Zink RdBoyne 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
Investment property for sale in Boyne City at 1367 Zink Rd, Boyne City, MI, 49712 earns $86/mo cash flow from $4,656/mo rent with a $3,392/mo payment. Total monthly income totals $4,656/mo, and annual cash flow totals $1,031/yr on $227,997 capital. ROI tracks 20.51% on current figures, and rental yield reads 8.06% at a $693,000 purchase. Equity gained on principal adds $4,472/yr, and 5% annual appreciation supports $191,463 over five years. Five-year ROI reaches 106.58% and total cumulative return in cash sums $242,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,656/mo property income instead of your personal income.
Single Family
Built in 2005
20 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: Jp Gerster • Pat O'Brien & Associates - Boyne City
Mls Name: Northern Michigan MLS
Mls ID: #476739