1217 Arbutus CtTraverse CityMI49686
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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 1217 Arbutus Ct, Traverse City, MI, 49686 listed at $364,999 pairs $2,860/mo rent with a $1,786/mo payment to leave $454/mo cash flow. Total monthly income runs $2,860/mo, and annual cash flow reaches $5,442/yr on $120,997 cash to close. Return on cash invested measures 24.41% in year one, and rental yield registers 9.4% at a $364,999 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,842 by year five. Five-year ROI tracks 127.51% and total cumulative return in cash totals $154,279. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,860/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
7,840 sqft 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: Meagan Alvarado • Century 21 Northland
Mls Name: NGLRMLS
Mls ID: #1941042