804 Hoover RdBois Blanc IslandMI49775
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
Rental property for sale in Bois Blanc Island at 804 Hoover Rd, Bois Blanc Island, MI, 49775 generates $2,687/mo in rent and, after a $1,176/mo payment, leaves $1,103/mo in cash flow. Total monthly income is $2,687/mo, and annual cash flow is $13,232/yr on $79,626 invested. Return on cash invested sits at 36.53% in year one, and rental yield is 13.42% on a $240,200 entry. Equity gained on principal adds $1,550/yr, while 5% annual appreciation builds toward $66,363 over five years. Five-year ROI reaches 192.49% and total cumulative return in cash sums $153,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,687/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
19.86 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A