2624 Hartman RdTraverse 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
Rental property for sale in Traverse City at 2624 Hartman Rd, Traverse City, MI, 49685 priced at $860,000 converts $2,045/mo rent into after a $4,209/mo obligation. Total monthly income equals $2,045/mo. Return on cash invested prints 4.68% in year one, and rental yield reads 2.85% against a $860,000 entry. Equity gained on principal adds $5,549/yr, while 5% annual appreciation compiles into $237,602 by year five. Five-year ROI reaches 21.68% and total cumulative return in cash sums $61,349. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,045/mo property income covering a $4,209/mo payment, not borrower’s personal income.
Manufactured
Built in 1960
5 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: Hannah Matthews • Five Star Real Estate - Front St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1937628
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.