2166 Springbrook Rd N #3, Boyne Falls, MI, 49713 | $176/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Boyne Falls at 2166 Springbrook Rd N #3, Boyne Falls, MI, 49713 uses $57,979 cash to close to unlock $2,108/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,329/mo, and a $856/mo payment keeps the spread at $176/mo. Purchase price stands at $174,900, and rental yield measures 9.12% with $1,329/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 122.9% and total cumulative return in cash records $71,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,329/mo property income covering a $856/mo payment rather than investor’s personal income.

Condo

Built in N/A

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