416 Hemlock StBoyne 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
Investment property for sale in Boyne City at 416 Hemlock St, Boyne City, MI, 49712 earns $253/mo cash flow from $2,053/mo rent with a $1,336/mo payment. Total monthly income totals $2,053/mo, and annual cash flow totals $3,037/yr on $90,466 capital. ROI tracks 23.27% on current figures, and rental yield reads 9.03% at a $272,900 purchase. Equity gained on principal adds $1,761/yr, and 5% annual appreciation supports $75,397 over five years. Five-year ROI reaches 121.42% and total cumulative return in cash sums $109,848. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,053/mo property income instead of your personal income.
Single Family
Built in 1976
1.08 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
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Listed by: Rhonda Thorman • Lynda's Real Estate Service
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #477531
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.