662 E Birch CirBoyne FallsMI49713
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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 Falls at 662 E Birch Cir, Boyne Falls, MI, 49713 offers a 4.36% rental yield on a $494,900 purchase with $1,798/mo rent. 19% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,732 over five years. Portfolio math shows five-year ROI at 45.89% and total cumulative return in cash at $75,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,798/mo property income against a $2,422/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.66 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
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Listed by: Michael Rosen • smith realty GROUP
Mls Name: WWMLS
Mls ID: #201837006