5073 Thumb Lake Rd PARCEL 5Boyne FallsMI49713
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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
Total monthly income runs $1,800/mo, and a $1,590/mo payment. Purchase price stands at $324,900, and rental yield measures 6.65% with $1,800/mo rent. Return on cash invested shows 16.09% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 82.93% and total cumulative return in cash records $89,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49713, Boyne Falls, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,444 (100%) |
| Owner Occupied HU | 757 (52.4%) |
| Renter Occupied HU | 120 ( 8.3%) |
| Vacant Housing Units | 567 (39.3%) |
| Median Home Value | $250,234 |
| Average Home Value | $338,748 |
Housing Distribution
Address Breakdown
Residential
958
Single Family
958
Multi-Family
0
Businesses
45
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Listed by: Jeff Wellman • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474489
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.