2424 Tyler Hills 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 2424 Tyler Hills Dr, Traverse City, MI, 49685 with 5% annual appreciation on a $688,000 basis while $4,710/mo rent supports operations. Total monthly income totals $4,710/mo and a $3,367/mo payment preserves $173/mo for cash returns. Annual cash flow comes to $2,081/yr on $226,352 deployed, and return on cash invested reaches 20.98% in year one. Equity gained on principal adds $4,440/yr, and five-year appreciation sums $190,082 alongside rental yield of 8.22%. Five-year ROI measures 109.09% and total cumulative return in cash totals $246,928.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,710/mo property income versus a $3,367/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
1.20 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: Jeremy Fenske • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls ID: #1941504