408 State St, Boyne City, MI, 49712 | $1,975/mo Cash Flow

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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 408 State St, Boyne City, MI, 49712 priced at $389,500 pairs $4,543/mo rent with $1,975/mo cash flow after a $1,906/mo payment. Total monthly income equals $4,543/mo, and annual cash flow comes to $23,698/yr on $129,119 invested. Return on cash invested is 38.26% in year one, and rental yield stands at 14% on a $389,500 basis. Equity gained on principal adds $2,513/yr, and 5% annual appreciation accumulates to $107,612 by year five. Five-year ROI measures 201.79% and total cumulative return in cash reaches $260,551. For financing, Ziffy Mortgage’s DSCR program evaluates $4,543/mo property income against a $1,906/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in N/A

9,240 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