10686 Thiel RdTraverse CityMI49685
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
Investment property for sale in Traverse City at 10686 Thiel Rd, Traverse City, MI, 49685 earns from $4,391/mo rent with a $3,416/mo payment. Total monthly income totals $4,391/mo. ROI tracks 18.95% on current figures, and rental yield reads 7.55% at a $698,000 purchase. Equity gained on principal adds $4,504/yr, and 5% annual appreciation supports $192,845 over five years. Five-year ROI reaches 98.23% and total cumulative return in cash sums $225,588. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,391/mo property income instead of your personal income.
Single Family
Built in 2006
25.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49685, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 6,995 (73.5%) |
| Renter Occupied HU | 1,772 (18.6%) |
| Vacant Housing Units | 745 ( 7.8%) |
| Median Home Value | $362,492 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela Klumpp • Coldwell Banker Schmidt-522
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926534
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.