1008 Grant StTraverse CityMI49686
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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 Traverse City at 1008 Grant St, Traverse City, MI, 49686 earns $583/mo cash flow from $2,396/mo rent with a $1,346/mo payment. Total monthly income totals $2,396/mo, and annual cash flow totals $6,990/yr on $91,163 capital. ROI tracks 27.58% on current figures, and rental yield reads 10.46% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 144.51% and total cumulative return in cash sums $131,735. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,396/mo property income instead of your personal income.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49686, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,006 (100%) |
| Owner Occupied HU | 8,532 (60.9%) |
| Renter Occupied HU | 3,760 (26.8%) |
| Vacant Housing Units | 1,714 (12.2%) |
| Median Home Value | $375,817 |
| Average Home Value | $494,907 |
Housing Distribution
Address Breakdown
Residential
12,964
Single Family
12,118
Multi-Family
846
Businesses
1,436
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Listed by: Sharon Reid-Brown • Bayside Real Estate
Mls Name: NGLRMLS
Mls ID: #1938098