3944 Springwater Beach RdBoyne CityMI49712
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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
Total monthly income runs $4,610/mo, and a $4,843/mo payment. Purchase price stands at $989,500, and rental yield measures 5.59% with $4,610/mo rent. Return on cash invested shows 13% in year one, and 5% annual appreciation builds toward $273,381 over five years. Five-year ROI reaches 66.29% and total cumulative return in cash records $215,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,610/mo property income covering a $4,843/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,100 sqft 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
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Listed by: Mark Kowalske • Coldwell Banker Schmidt - Boyne City
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474700
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.