1302 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 1302 Umber Dr, Traverse City, MI, 49696 uses $119,307 cash to close to unlock $4,790/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $2,773/mo, and a $1,762/mo payment keeps the spread at $399/mo. Purchase price stands at $359,900, and rental yield measures 9.25% with $2,773/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 124.93% and total cumulative return in cash records $149,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,773/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2026
6,534 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: Shelly Drossart • REO-TCFront-233021
Mls Name: NGLRMLS
Mls ID: #1941546