1960 E StrasseBoyne CityMI49712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1960 E Strasse, Boyne City, MI, 49712 priced at $205,000 converts $1,392/mo rent into $41/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,392/mo, and annual cash flow totals $486/yr on $67,958 invested. Return on cash invested prints 20.62% in year one, and rental yield reads 8.15% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 107.23% and total cumulative return in cash sums $72,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,392/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Karas • EXIT Northern Shores Realty
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476119
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.