526 N Lake St LOT 10Boyne 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 526 N Lake St LOT 10, Boyne City, MI, 49712 uses $34,145 cash to close to unlock $1,511/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $805/mo, and a $504/mo payment keeps the spread at $126/mo. Purchase price stands at $103,000, and rental yield measures 9.38% with $805/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 127.11% and total cumulative return in cash records $43,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $805/mo property income covering a $504/mo payment rather than investor’s personal income.
Manufactured
Built in 2011
6,534 sqft 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: N/A • N/A
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Mls ID: #N/A