217 Fair St APT 4Traverse CityMI49686
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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 217 Fair St APT 4, Traverse City, MI, 49686 listed at $149,900 pairs $1,182/mo rent with a $734/mo payment. Total monthly income runs $1,182/mo. Return on cash invested measures 18.54% in year one, and rental yield registers 9.46% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 98.28% and total cumulative return in cash totals $48,839. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,182/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1967
N/A lot
$N/A/sqft
$3,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49686, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,006 (100%) |
| Owner Occupied HU | 8,532 (60.9%) |
| Renter Occupied HU | 3,760 (26.8%) |
| Vacant Housing Units | 1,714 (12.2%) |
| Median Home Value | $375,817 |
| Average Home Value | $494,907 |
Housing Distribution
Address Breakdown
Residential
12,964
Single Family
12,118
Multi-Family
846
Businesses
1,436
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Listed by: Ben Street • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931920
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.