1338 W HarvestTraverse CityMI49685
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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
Rental property for sale in Traverse City at 1338 W Harvest, Traverse City, MI, 49685 generates $3,162/mo in rent and, after a $2,130/mo payment, leaves $292/mo in cash flow. Total monthly income is $3,162/mo, and annual cash flow is $3,508/yr on $144,236 invested. Return on cash invested sits at 22.34% in year one, and rental yield is 8.72% on a $435,100 entry. Equity gained on principal adds $2,808/yr, while 5% annual appreciation builds toward $120,210 over five years. Five-year ROI reaches 116.43% and total cumulative return in cash sums $167,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,162/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49685, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 6,995 (73.5%) |
| Renter Occupied HU | 1,772 (18.6%) |
| Vacant Housing Units | 745 ( 7.8%) |
| Median Home Value | $362,492 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
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Listed by: N/A • N/A
Mls Name: Exit Realty
Mls Provider:
Mls ID: #1930376