1868 Cascade TrlTraverse CityMI49685
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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
Total monthly income runs $2,896/mo, and a $2,814/mo payment. Purchase price stands at $575,000, and rental yield measures 6.04% with $2,896/mo rent. Return on cash invested shows 14.38% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 73.7% and total cumulative return in cash records $139,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 2025
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49685, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 6,995 (73.5%) |
| Renter Occupied HU | 1,772 (18.6%) |
| Vacant Housing Units | 745 ( 7.8%) |
| Median Home Value | $362,492 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
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Listed by: Peter Faber • Five Star Real Estate - Grand Rapids
Mls Name: NGLRMLS
Mls ID: #1937326