2806 Opal CtTraverse CityMI49684
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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 2806 Opal Ct, Traverse City, MI, 49684 generates $3,779/mo in rent and, after a $2,080/mo payment, leaves $977/mo in cash flow. Total monthly income is $3,779/mo, and annual cash flow is $11,718/yr on $140,884 invested. Return on cash invested sits at 28.23% in year one, and rental yield is 10.67% on a $424,990 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,417 over five years. Five-year ROI reaches 147.98% and total cumulative return in cash sums $208,478. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,779/mo property income rather than buyer’s personal income.
Condo
Built in 2025
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49684, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 7,484 (60.8%) |
| Renter Occupied HU | 3,386 (27.5%) |
| Vacant Housing Units | 1,432 (11.6%) |
| Median Home Value | $398,218 |
| Average Home Value | $509,057 |
Housing Distribution
Address Breakdown
Residential
11,586
Single Family
9,750
Multi-Family
1,836
Businesses
1,955
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Listed by: Breanna May • Great Lake Realty Company LLC
Mls Name: MichRIC
Mls ID: #25052757