323 State St, Boyne City, MI, 49712 | $166/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

Investment property for sale in Boyne City at 323 State St, Boyne City, MI, 49712 with 5% annual appreciation on a $299,900 basis while $2,144/mo rent supports operations. Total monthly income totals $2,144/mo and a $1,468/mo payment preserves $166/mo for cash returns. Annual cash flow comes to $1,994/yr on $99,417 deployed, and return on cash invested reaches 21.91% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 8.58%. Five-year ROI measures 114.17% and total cumulative return in cash totals $113,500.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,144/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in N/A

N/A 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