201 Magee Rd NBoyne FallsMI49713
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 Falls at 201 Magee Rd N, Boyne Falls, MI, 49713 offers $1,668/mo rent that, after a $1,101/mo payment, leaves $185/mo cash flow. Total monthly income is $1,668/mo, and annual cash flow is $2,214/yr on $74,588 cash. Return on cash invested measures 22.88% in year one, and rental yield stands at 8.9% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 119.31% and total cumulative return in cash reaches $88,989. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,668/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
4.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49713, Boyne Falls, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,444 (100%) |
| Owner Occupied HU | 757 (52.4%) |
| Renter Occupied HU | 120 ( 8.3%) |
| Vacant Housing Units | 567 (39.3%) |
| Median Home Value | $250,234 |
| Average Home Value | $338,748 |
Housing Distribution
Address Breakdown
Residential
958
Single Family
958
Multi-Family
0
Businesses
45
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Listed by: Jennifer Burr • Coldwell Banker Schmidt - Boyne City
Mls Name: Northern Michigan MLS
Mls ID: #478398