2764 W 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
Rental property for sale in Traverse City at 2764 W Crown Dr, Traverse City, MI, 49685 generates $5,924/mo in rent, after a $4,723/mo payment. Total monthly income is $5,924/mo. Return on cash invested sits at 18.4% in year one, and rental yield is 7.37% on a $965,000 entry. Equity gained on principal adds $6,227/yr, while 5% annual appreciation builds toward $266,612 over five years. Five-year ROI reaches 95.25% and total cumulative return in cash sums $302,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,924/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
9,583 sqft 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: Tyler Foor • EXIT Northern Shores Realty-ER
Mls Name: NGLRMLS
Mls ID: #1937560