500 Front St APT 36Boyne 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 500 Front St APT 36, Boyne City, MI, 49712 earns from $3,086/mo rent with a $6,358/mo payment. Total monthly income totals $3,086/mo. ROI tracks 2.03% on current figures, and rental yield reads 2.85% at a $1,299,000 purchase. Equity gained on principal adds $8,382/yr, and 5% annual appreciation supports $358,890 over five years. Five-year ROI reaches 8.38% and total cumulative return in cash sums $35,281. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,086/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$2,859 quarterly 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: Diane K Finney • Coldwell Banker AJS (Casc)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25012661
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.