2166 Springbrook Rd S #4Boyne FallsMI49713
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 2166 Springbrook Rd S #4, Boyne Falls, MI, 49713 in Boyne Falls is the 1.69 coverage ratio: rent of $1,800/mo versus a $1,066/mo debt payment on a $237,000 property. Rental yield 9.11%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $65,479 by year five, with $2,183/yr in equity from paydown. Total projected cumulative return: $105,581.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $(423) | $300 |
City averages based on Boyne Falls market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $1,469 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1969
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
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
Single Family
Built in 1969
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #480554