2630 Main StBoyne FallsMI49713
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
Investment property for sale in Boyne Falls at 2630 Main St, Boyne Falls, MI, 49713 earns $1,203/mo cash flow from $2,917/mo rent with a $1,272/mo payment. Total monthly income totals $2,917/mo, and annual cash flow totals $14,438/yr on $86,157 capital. ROI tracks 36.67% on current figures, and rental yield reads 13.47% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 193.28% and total cumulative return in cash sums $166,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,917/mo property income instead of your 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 |
Housing Distribution
Address Breakdown
Residential
958
Single Family
958
Multi-Family
0
Businesses
45
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Nearby investment properties with comparable prices
Listed by: Tammy Hutchinson • Alpine Realty Group
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474766
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.