3214 Lakeshore RdBoyne CityMI49712
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
Rental property for sale in Boyne City at 3214 Lakeshore Rd, Boyne City, MI, 49712 priced at $1,900,000 pairs $6,480/mo rent with after a $9,300/mo payment. Total monthly income equals $6,480/mo. Return on cash invested is 8.58% in year one, and rental yield stands at 4.09% on a $1,900,000 basis. Equity gained on principal adds $12,260/yr, and 5% annual appreciation accumulates to $524,935 by year five. Five-year ROI measures 42.51% and total cumulative return in cash reaches $261,711. For financing, Ziffy Mortgage’s DSCR program evaluates $6,480/mo property income against a $9,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2.20 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 |
Housing Distribution
Address Breakdown
Residential
4,159
Single Family
3,938
Multi-Family
221
Businesses
346
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha Mishler • Pat O'Brien & Associates - Boyne City
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474888
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.