498 Hull StBoyne CityMI49712
Nearby investment properties with comparable rents
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 498 Hull St, Boyne City, MI, 49712 priced at $499,900 pairs $3,769/mo rent with $472/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,769/mo, and annual cash flow comes to $5,666/yr on $165,717 invested. Return on cash invested is 23.33% in year one, and rental yield stands at 9.05% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 121.73% and total cumulative return in cash reaches $201,720. For financing, Ziffy Mortgage’s DSCR program evaluates $3,769/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
1.69 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas Dennison • Fervor Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25007495
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.