310 E Main St, Boyne City, MI, 49712 | $375/mo Cash Flow

For Sale

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

Rental property for sale in Boyne City at 310 E Main St, Boyne City, MI, 49712 offers $2,353/mo rent that, after a $1,468/mo payment, leaves $375/mo cash flow. Total monthly income is $2,353/mo, and annual cash flow is $4,502/yr on $99,417 cash. Return on cash invested measures 24.44% in year one, and rental yield stands at 9.42% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 127.7% and total cumulative return in cash reaches $126,952. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,353/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1920

0.25 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49712, Boyne City, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,368 (100%)
Owner Occupied HU	2,983 (55.6%)
Renter Occupied HU	671 (12.5%)
Vacant Housing Units	1,714 (31.9%)
Median Home Value	$299,918
Average Home Value	$392,153