120 N Oak 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 120 N Oak St, Traverse City, MI, 49684 earns from $3,750/mo rent with a $3,519/mo payment. Total monthly income totals $3,750/mo. ROI tracks 15.03% on current figures, and rental yield reads 6.26% at a $719,000 purchase. Equity gained on principal adds $4,640/yr, and 5% annual appreciation supports $198,646 over five years. Five-year ROI reaches 77.19% and total cumulative return in cash sums $182,585. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,750/mo property income instead of your personal income.
Single Family
Built in 1890
7,405 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: N/A • N/A
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