271 Thrive Blvd UNIT 5Traverse 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
Investment property for sale in Traverse City at 271 Thrive Blvd UNIT 5, Traverse City, MI, 49696 offers a 17.43% rental yield on a $289,900 purchase with $4,211/mo rent. Total monthly income registers $4,211/mo, and a $1,419/mo payment leaves $2,100/mo available for distribution. Annual cash flow reaches $25,202/yr on $96,102 to close, and return on cash invested stands at 46.13% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 244.94% and total cumulative return in cash at $235,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,211/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
$2,388 annually 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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Nearby investment properties with comparable prices
Listed by: Al Everett • Northern Den Realty LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1914290
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.