2740 Mockingbird Dr #19Traverse CityMI49685
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Nearby investment properties with comparable prices
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 2740 Mockingbird Dr #19, Traverse City, MI, 49685 uses $127,594 cash to close to unlock $4,088/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $1,884/mo payment keeps the spread at $341/mo. Purchase price stands at $384,900, and rental yield measures 8.98% with $2,879/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 120.56% and total cumulative return in cash records $153,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.32 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: Stephanie Flor • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932954
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.