3057 Lynn StBoyne 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 3057 Lynn St, Boyne Falls, MI, 49713 uses $72,913 cash to close to unlock $4,477/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,824/mo, and a $1,077/mo payment keeps the spread at $373/mo. Purchase price stands at $219,950, and rental yield measures 9.95% with $1,824/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $60,768 over five years. Five-year ROI reaches 136.36% and total cumulative return in cash records $99,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,824/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.69 Acres 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: Dewayne Kirkman • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1941653