2266 Arbutus Ridge DrTraverse 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
Total monthly income runs $2,270/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 4.2% with $2,270/mo rent. Return on cash invested shows 8.76% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 43.57% and total cumulative return in cash records $93,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,270/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 2025
1.08 Acres lot
$N/A/sqft
No 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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Listed by: Bridget Carefoot • CENTURY 21 Northland
Mls Name: NGLRMLS
Mls ID: #1938596