1372 E Huron DrBois 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
Investment property for sale in Bois Blanc Island at 1372 E Huron Dr, Bois Blanc Island, MI, 49775 uses $39,449 cash to close to unlock $13,424/yr annual cash flow and $1,119/mo monthly cash flow. Total monthly income runs $1,903/mo, and a $582/mo payment keeps the spread at $1,119/mo. Purchase price stands at $119,000, and rental yield measures 19.19% with $1,903/mo rent. Return on cash invested shows 53.94% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 285.93% and total cumulative return in cash records $112,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,903/mo property income covering a $582/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.87 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: Sheila Hyde • Bois Blanc Island Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #23-1144
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.