1145 E 8th St #11Traverse CityMI49686
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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
Investment property for sale in Traverse City at 1145 E 8th St #11, Traverse City, MI, 49686 uses $72,599 cash to close to unlock $6,032/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $1,997/mo, and a $1,072/mo payment keeps the spread at $503/mo. Purchase price stands at $219,000, and rental yield measures 10.94% with $1,997/mo rent. Return on cash invested shows 28.22% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 148.25% and total cumulative return in cash records $107,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,997/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$600 annually 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: Linda Schaub • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931850
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.