207 W Grandview #402Traverse 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
Total monthly income runs $3,275/mo, and a $6,019/mo payment. Purchase price stands at $1,229,760, and rental yield measures 3.2% with $3,275/mo rent. Return on cash invested shows 5.81% in year one, and 5% annual appreciation builds toward $339,760 over five years. Five-year ROI reaches 27.68% and total cumulative return in cash records $110,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,275/mo property income covering a $6,019/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A 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: Dereck Dykes • The Mitten Real Estate Group
Mls Name: NGLRMLS
Mls ID: #1923270