2352 Grouse DrTraverse CityMI49685
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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 2352 Grouse Dr, Traverse City, MI, 49685 listed at $339,000 pairs $3,472/mo rent with a $1,659/mo payment to leave $1,237/mo cash flow. Total monthly income runs $3,472/mo, and annual cash flow reaches $14,840/yr on $112,379 cash to close. Return on cash invested measures 33.11% in year one, and rental yield registers 12.29% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 174.19% and total cumulative return in cash totals $195,748. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,472/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49685, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 6,995 (73.5%) |
| Renter Occupied HU | 1,772 (18.6%) |
| Vacant Housing Units | 745 ( 7.8%) |
| Median Home Value | $362,492 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
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Listed by: Justin Tibble • Nexgen Realty
Mls Name: NGLRMLS
Mls ID: #1940827