185 Three Mile Rd NTraverse 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
Investment property for sale in Traverse City at 185 Three Mile Rd N, Traverse City, MI, 49696 with 5% annual appreciation on a $299,900 basis while $2,994/mo rent supports operations. Total monthly income totals $2,994/mo and a $1,468/mo payment preserves $1,016/mo for cash returns. Annual cash flow comes to $12,194/yr on $99,417 deployed, and return on cash invested reaches 32.17% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 11.98%. Five-year ROI measures 169.2% and total cumulative return in cash totals $168,208.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,994/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
1.63 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: Carly Tunison • Century 21 Northland
Mls Name: NGLRMLS
Mls ID: #1940612