2481 Grove St, Boyne Falls, MI, 49713 | 6.41% Rental Yield

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Rental Income

Ziffy Mortgage

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

Total monthly income runs $2,671/mo, and a $2,447/mo payment. Purchase price stands at $499,999, and rental yield measures 6.41% with $2,671/mo rent. Return on cash invested shows 15.38% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 79.05% and total cumulative return in cash records $131,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,671/mo property income covering a $2,447/mo payment rather than investor’s personal income.

Single Family

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