207 Myrtle StBoonMI49618
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 Boon at 207 Myrtle St, Boon, MI, 49618 offers $1,957/mo rent that, after a $1,273/mo payment, leaves $242/mo cash flow. Total monthly income is $1,957/mo, and annual cash flow is $2,904/yr on $86,190 cash. Return on cash invested measures 23.28% in year one, and rental yield stands at 9.03% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 121.43% and total cumulative return in cash reaches $104,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,957/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49618, Boon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 270 (66.7%) |
| Renter Occupied HU | 45 (11.1%) |
| Vacant Housing Units | 90 (22.2%) |
| Median Home Value | $192,647 |
| Average Home Value | $205,593 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
6
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Nearby investment properties with comparable prices
Listed by: Mary Anne Colmus • ERA Greater North Properties
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928537
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.