645 Gobles DrBois Blanc IslandMI49775
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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 Bois Blanc Island at 645 Gobles Dr, Bois Blanc Island, MI, 49775 priced at $315,900 converts $1,872/mo rent into after a $1,546/mo obligation. Total monthly income equals $1,872/mo. Return on cash invested prints 17.49% in year one, and rental yield reads 7.11% against a $315,900 entry. Equity gained on principal adds $2,038/yr, while 5% annual appreciation compiles into $87,277 by year five. Five-year ROI reaches 90.4% and total cumulative return in cash sums $94,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,872/mo property income covering a $1,546/mo payment, not borrower’s personal income.
Single Family
Built in 1970
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49775, Pointe Aux Pins, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 500 (100%) |
| Owner Occupied HU | 59 (11.8%) |
| Renter Occupied HU | 4 ( 0.8%) |
| Vacant Housing Units | 437 (87.4%) |
| Median Home Value | $242,500 |
| Average Home Value | $281,483 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
51
Multi-Family
0
Businesses
11
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Nearby investment properties with comparable prices
Listed by: Sheila Hyde • Bois Blanc Island Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-770
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.