690 Anderson RdBoyne CityMI49712
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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 Boyne City at 690 Anderson Rd, Boyne City, MI, 49712 priced at $564,900 pairs $3,304/mo rent with after a $2,765/mo payment. Total monthly income equals $3,304/mo. Return on cash invested is 17.34% in year one, and rental yield stands at 7.02% on a $564,900 basis. Equity gained on principal adds $3,645/yr, and 5% annual appreciation accumulates to $156,071 by year five. Five-year ROI measures 89.57% and total cumulative return in cash reaches $166,460. For financing, Ziffy Mortgage’s DSCR program evaluates $3,304/mo property income against a $2,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
8.70 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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Listed by: Julie Dittmar • Real Estate One
Mls Name: Northern Michigan MLS
Mls ID: #477026