2664 E Crown 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 2664 E Crown Dr, Traverse City, MI, 49685 listed at $599,000 pairs $4,079/mo rent with a $2,932/mo payment to leave $129/mo cash flow. Total monthly income runs $4,079/mo, and annual cash flow reaches $1,544/yr on $197,071 cash to close. Return on cash invested measures 20.84% in year one, and rental yield registers 8.17% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 108.36% and total cumulative return in cash totals $213,550. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,079/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.25 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: Eric Senff • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1936056