207 W Grandview #201Traverse CityMI49684
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 207 W Grandview #201, Traverse City, MI, 49684 generates $1,996/mo in rent, after a $5,692/mo payment. Total monthly income is $1,996/mo. Return on cash invested sits at 0.28% in year one, and rental yield is 2.06% on a $1,162,965 entry. Equity gained on principal adds $7,504/yr, while 5% annual appreciation builds toward $321,306 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,996/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$7,620 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dereck Dykes • The Mitten Real Estate Group
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923259
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.