10015 E Crain Hill RdTraverse CityMI49684
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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 Traverse City at 10015 E Crain Hill Rd, Traverse City, MI, 49684 generates $4,405/mo in rent and, after a $2,528/mo payment, leaves $999/mo in cash flow. Total monthly income is $4,405/mo, and annual cash flow is $11,987/yr on $169,929 invested. Return on cash invested sits at 27.11% in year one, and rental yield is 10.23% on a $516,500 entry. Equity gained on principal adds $3,333/yr, while 5% annual appreciation builds toward $142,699 over five years. Five-year ROI reaches 141.98% and total cumulative return in cash sums $241,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,405/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49684, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 7,484 (60.8%) |
| Renter Occupied HU | 3,386 (27.5%) |
| Vacant Housing Units | 1,432 (11.6%) |
| Median Home Value | $398,218 |
| Average Home Value | $509,057 |
Housing Distribution
Address Breakdown
Residential
11,586
Single Family
9,750
Multi-Family
1,836
Businesses
1,955
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Listed by: Jeannie Aldrich • Five Star Real Estate - Front St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922297
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.