151 S Rusch RdTraverse 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 151 S Rusch Rd, Traverse City, MI, 49696 priced at $865,000 converts $4,502/mo rent into after a $4,234/mo obligation. Total monthly income equals $4,502/mo. Return on cash invested prints 14.99% in year one, and rental yield reads 6.25% against a $865,000 entry. Equity gained on principal adds $5,582/yr, while 5% annual appreciation compiles into $238,984 by year five. Five-year ROI reaches 76.97% and total cumulative return in cash sums $219,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,502/mo property income covering a $4,234/mo payment, not borrower’s personal income.
Single Family
Built in 1974
15.80 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: Matthew Geib • Viewpoint Realty
Mls Name: NGLRMLS
Mls ID: #1939776