2848 Ruby StTraverse 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 2848 Ruby St, Traverse City, MI, 49684 priced at $429,990 pairs $2,183/mo rent with after a $2,105/mo payment. Total monthly income equals $2,183/mo. Return on cash invested is 12.1% in year one, and rental yield stands at 6.09% on a $429,990 basis. Equity gained on principal adds $2,775/yr, and 5% annual appreciation accumulates to $118,798 by year five. Five-year ROI measures 62.34% and total cumulative return in cash reaches $88,859. For financing, Ziffy Mortgage’s DSCR program evaluates $2,183/mo property income against a $2,105/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
2,613 sqft lot
$N/A/sqft
$3,300 annually 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: Linda Schaub • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1935630
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.