2780 Boyne Mountain Rd #339Boyne 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
Investment property for sale in Boyne Falls at 2780 Boyne Mountain Rd #339, Boyne Falls, MI, 49713 uses $79,527 cash to close to unlock $1,478/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,705/mo, and a $1,174/mo payment keeps the spread at $123/mo. Purchase price stands at $239,900, and rental yield measures 8.53% with $1,705/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash records $90,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,705/mo property income covering a $1,174/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 |
Housing Distribution
Address Breakdown
Residential
958
Single Family
958
Multi-Family
0
Businesses
45
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Listed by: David Shuman • Bay North Realty Co.
Mls Name: Northern Michigan MLS
Mls ID: #478388