605 Forest AveBoyne CityMI49712
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
Investment Highlights
Investment property for sale in Boyne City at 605 Forest Ave, Boyne City, MI, 49712 at $275,000 posts ROI 26.83% with $526/mo cash flow from $2,339/mo rent. Total monthly income equals $2,339/mo, and annual cash flow records $6,306/yr on $91,163 to close. Return on cash invested measures 26.83% and rental yield reads 10.21% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 140.49% and total cumulative return in cash totals $128,075.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,339/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
0.44 Acres 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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Nearby investment properties with comparable prices
Listed by: Christopher Christensen • Lynda's Real Estate Service
Mls Name: Northern Michigan MLS
Mls ID: #478481