187 Thrive Blvd UNIT 20Traverse 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 187 Thrive Blvd UNIT 20, Traverse City, MI, 49696 earns $1,999/mo cash flow from $4,211/mo rent with a $1,497/mo payment. Total monthly income totals $4,211/mo, and annual cash flow totals $23,988/yr on $101,406 capital. ROI tracks 43.56% on current figures, and rental yield reads 16.52% at a $305,900 purchase. Equity gained on principal adds $1,974/yr, and 5% annual appreciation supports $84,515 over five years. Five-year ROI reaches 231.04% and total cumulative return in cash sums $234,292. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,211/mo property income instead of your personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$2,340 annually 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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Nearby investment properties with comparable prices
Listed by: Al Everett • Northern Den Realty LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1920880
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.