1720 Pergola AveTraverse CityMI49696
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1720 Pergola Ave, Traverse City, MI, 49696 generates $3,282/mo in rent and, after a $1,958/mo payment, leaves $644/mo in cash flow. Total monthly income is $3,282/mo, and annual cash flow is $7,728/yr on $132,600 invested. Return on cash invested sits at 25.74% in year one, and rental yield is 9.85% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 134.62% and total cumulative return in cash sums $178,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,282/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lydia Wiley • @properties Christie's Int'l
Mls Name: NGLRMLS
Mls ID: #1941075