5818 Springvale RdBoyne FallsMI49713
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 5818 Springvale Rd, Boyne Falls, MI, 49713 in Boyne Falls deserves attention. This $315,000 property earns $2,947/mo in rent, a 11.23% gross yield, and nets $870/mo after the $1,416/mo payment. DSCR 2.08 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $87,029 compounds alongside $2,901/yr in yearly equity build, for a total cumulative return of $176,014.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.0% |
| Monthly Cash Flow | $870 | $300 |
City averages based on Boyne Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,947 |
| Total Monthly Debt Service | $1,952 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Mcfadden • Gaslight Group Properties
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475224
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.