109 Boughey StTraverse CityMI49684
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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 109 Boughey St, Traverse City, MI, 49684 with 5% annual appreciation on a $539,900 basis while $3,660/mo rent supports operations. Total monthly income totals $3,660/mo and a $2,643/mo payment preserves $99/mo for cash returns. Annual cash flow comes to $1,190/yr on $177,627 deployed, and return on cash invested reaches 20.73% in year one. Equity gained on principal adds $3,484/yr, and five-year appreciation sums $149,164 alongside rental yield of 8.13%. Five-year ROI measures 107.77% and total cumulative return in cash totals $191,431.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,660/mo property income versus a $2,643/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
9,583 sqft 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: Robert Brick • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls ID: #1940690