1491 Black Bark LnTraverse 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
Rental property for sale in Traverse City at 1491 Black Bark Ln, Traverse City, MI, 49696 generates $2,911/mo in rent and, after a $1,713/mo payment, leaves $603/mo in cash flow. Total monthly income is $2,911/mo, and annual cash flow is $7,236/yr on $116,025 invested. Return on cash invested sits at 26.15% in year one, and rental yield is 9.98% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 136.79% and total cumulative return in cash sums $158,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,911/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
1.03 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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Listed by: Leanne Deeren • REO-TCFront-233021
Mls Name: NGLRMLS
Mls ID: #1936512