1245 Gold CtTraverse CityMI49696
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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 1245 Gold Ct, Traverse City, MI, 49696 at $850,000 posts ROI 31.2% with $2,597/mo cash flow from $8,202/mo rent. Total monthly income equals $8,202/mo, and annual cash flow records $31,164/yr on $279,650 to close. Return on cash invested measures 31.2% and rental yield reads 11.58% at the current $850,000. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 by year five. Five-year ROI prints 163.91% and total cumulative return in cash totals $458,362.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
0.40 Acres 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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Nearby investment properties with comparable prices
Listed by: Jeff Jarvis • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-632
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.