1160 Terrace Bluff DrTraverse CityMI49686
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 1160 Terrace Bluff Dr, Traverse City, MI, 49686 earns $4/mo cash flow from $2,396/mo rent with a $1,775/mo payment. Total monthly income totals $2,396/mo, and annual cash flow totals $53/yr on $120,235 capital. ROI tracks 19.95% on current figures, and rental yield reads 7.93% at a $362,700 purchase. Equity gained on principal adds $2,340/yr, and 5% annual appreciation supports $100,207 over five years. Five-year ROI reaches 103.62% and total cumulative return in cash sums $124,589. 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.
Apartment
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A