2806 Opal CtTraverse CityMI49864
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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 2806 Opal Ct, Traverse City, MI, 49864 earns $1,006/mo cash flow from $3,761/mo rent with a $2,045/mo payment. Total monthly income totals $3,761/mo, and annual cash flow totals $12,069/yr on $138,501 capital. ROI tracks 28.62% on current figures, and rental yield reads 10.8% at a $417,800 purchase. Equity gained on principal adds $2,696/yr, and 5% annual appreciation supports $115,430 over five years. Five-year ROI reaches 150.11% and total cumulative return in cash sums $207,900. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,761/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49864, Nahma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 63 (100%) |
| Owner Occupied HU | 35 (55.6%) |
| Renter Occupied HU | 2 ( 3.2%) |
| Vacant Housing Units | 26 (41.3%) |
| Median Home Value | $205,000 |
| Average Home Value | $224,214 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
0
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