501 Boyne AveBoyne 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
Rental property for sale in Boyne City at 501 Boyne Ave, Boyne City, MI, 49712 priced at $359,000 converts $1,842/mo rent into after a $1,757/mo obligation. Total monthly income equals $1,842/mo. Return on cash invested prints 14.61% in year one, and rental yield reads 6.16% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 74.97% and total cumulative return in cash sums $89,215. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,842/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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: David Beek • Berkshire Hathaway HomeServices Real Estate - BC
Mls Name: Northern Michigan MLS
Mls ID: #478607