580 E 32nd RdBoonMI49618
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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 Boon at 580 E 32nd Rd, Boon, MI, 49618 generates $2,526/mo in rent, after a $2,569/mo payment. Total monthly income is $2,526/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 5.77% on a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation builds toward $145,020 over five years. Five-year ROI reaches 69.31% and total cumulative return in cash sums $119,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,526/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49618, Boon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 270 (66.7%) |
| Renter Occupied HU | 45 (11.1%) |
| Vacant Housing Units | 90 (22.2%) |
| Median Home Value | $192,647 |
| Average Home Value | $205,593 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
6
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Listed by: Greg Bosscher • Five Star Real Estate - Shelby St Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928487
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.