816 Lower Lake DrBoyne 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
Total monthly income runs $2,438/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 6.88% with $2,438/mo rent. Return on cash invested shows 16.8% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 86.74% and total cumulative return in cash records $122,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,438/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: Jeff Wellman • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls ID: #478378