2839 Ruby StTraverse CityMI49684
Nearby investment properties with comparable rents
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 2839 Ruby St, Traverse City, MI, 49684 earns $485/mo cash flow from $3,779/mo rent with a $2,222/mo payment. Total monthly income totals $3,779/mo, and annual cash flow totals $5,823/yr on $150,498 capital. ROI tracks 23.78% on current figures, and rental yield reads 9.99% at a $453,990 purchase. Equity gained on principal adds $2,930/yr, and 5% annual appreciation supports $125,429 over five years. Five-year ROI reaches 125% and total cumulative return in cash sums $188,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,779/mo property income instead of your personal income.
Condo
Built in 2025
8,712 sqft lot
$N/A/sqft
$300 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Breanna May • Great Lake Realty Company LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25052753
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved.