207 W 9th StTraverse CityMI49684
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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
Rental property for sale in Traverse City at 207 W 9th St, Traverse City, MI, 49684 priced at $455,500 pairs $3,139/mo rent with $136/mo cash flow after a $2,229/mo payment. Total monthly income equals $3,139/mo, and annual cash flow comes to $1,628/yr on $150,998 invested. Return on cash invested is 20.99% in year one, and rental yield stands at 8.27% on a $455,500 basis. Equity gained on principal adds $2,939/yr, and 5% annual appreciation accumulates to $125,846 by year five. Five-year ROI measures 109.16% and total cumulative return in cash reaches $164,825. For financing, Ziffy Mortgage’s DSCR program evaluates $3,139/mo property income against a $2,229/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1895
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49684, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 7,484 (60.8%) |
| Renter Occupied HU | 3,386 (27.5%) |
| Vacant Housing Units | 1,432 (11.6%) |
| Median Home Value | $398,218 |
| Average Home Value | $509,057 |
Housing Distribution
Address Breakdown
Residential
11,586
Single Family
9,750
Multi-Family
1,836
Businesses
1,955
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Listed by: Karen Schmidt • Coldwell Banker Schmidt Traverse City
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927193
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.