1179 Umber DrTraverse CityMI49696
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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 1179 Umber Dr, Traverse City, MI, 49696 offers a 9.77% rental yield on a $358,000 purchase with $2,915/mo rent. Total monthly income registers $2,915/mo, and a $1,752/mo payment leaves $554/mo available for distribution. Annual cash flow reaches $6,653/yr on $118,677 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $2,310/yr while 5% annual appreciation supports $98,909 over five years. Portfolio math shows five-year ROI at 133.46% and total cumulative return in cash at $158,382. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,915/mo property income against a $1,752/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49696, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,804 (100%) |
| Owner Occupied HU | 3,505 (73.0%) |
| Renter Occupied HU | 631 (13.1%) |
| Vacant Housing Units | 668 (13.9%) |
| Median Home Value | $370,334 |
| Average Home Value | $476,598 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,327
Multi-Family
1
Businesses
438
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Listed by: Travis Lorenz • Keller Williams Northern Michigan
Mls Name: NGLRMLS
Mls ID: #1939849