2136 Deerview Dr #62Boyne FallsMI49713
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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
Total monthly income runs $1,800/mo, and a $4,038/mo payment. Purchase price stands at $825,000, and rental yield measures 2.62% with $1,800/mo rent. Return on cash invested shows 3.97% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 17.85% and total cumulative return in cash records $48,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A 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: Matt Rader • Pat O'Brien & Associates - Boyne City
Mls Name: Northern Michigan MLS
Mls ID: #477653