1554 Simsbury St #9Traverse CityMI49686
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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 1554 Simsbury St #9, Traverse City, MI, 49686 earns from $3,502/mo rent with a $2,491/mo payment. Total monthly income totals $3,502/mo. ROI tracks 18.38% on current figures, and rental yield reads 8.26% at a $509,000 purchase. Equity gained on principal adds $3,285/yr, and 5% annual appreciation supports $140,627 over five years. Five-year ROI reaches 96.15% and total cumulative return in cash sums $161,005. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,502/mo property income instead of your personal income.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
$4,566 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49686, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,006 (100%) |
| Owner Occupied HU | 8,532 (60.9%) |
| Renter Occupied HU | 3,760 (26.8%) |
| Vacant Housing Units | 1,714 (12.2%) |
| Median Home Value | $375,817 |
| Average Home Value | $494,907 |
Housing Distribution
Address Breakdown
Residential
12,964
Single Family
12,118
Multi-Family
846
Businesses
1,436
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Listed by: Barbara Hood • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927121
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.