1385 Dam 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 1385 Dam Rd, Boyne city, MI, 49712 with 5% annual appreciation on a $639,900 basis while $3,037/mo rent supports operations. 32% in year one. Equity gained on principal adds $4,129/yr, and five-year appreciation sums $176,793 alongside rental yield of 5.7%. Five-year ROI measures 68.01% and total cumulative return in cash totals $143,183. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,037/mo property income versus a $3,132/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1800
43.41 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: Lynda Christensen • Lynda's Real Estate Service
Mls Name: Northern Michigan MLS
Mls ID: #478406