418 N Park StBoyne CityMI49712
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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 418 N Park St, Boyne City, MI, 49712 generates $1,746/mo in rent and, after a $1,272/mo payment, leaves $32/mo in cash flow. Total monthly income is $1,746/mo, and annual cash flow is $386/yr on $86,157 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 8.06% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 105.82% and total cumulative return in cash sums $91,174. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,746/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8,400 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: Scott Beebe • Coldwell Banker Schmidt - Boyne City
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #477608
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.