526 N Lake St #161, Boyne City, MI, 49712 | $175/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Boyne City at 526 N Lake St #161, Boyne City, MI, 49712 offers a 9.59% rental yield on a $125,000 purchase with $999/mo rent. Total monthly income registers $999/mo, and a $612/mo payment leaves $175/mo available for distribution. Annual cash flow reaches $2,094/yr on $41,438 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 130.53% and total cumulative return in cash at $54,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $999/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2021

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