374 Island View DrTraverse CityMI49696
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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 374 Island View Dr, Traverse City, MI, 49696 listed at $865,000 pairs $3,440/mo rent with a $4,234/mo payment. Total monthly income runs $3,440/mo. Return on cash invested measures 10.51% in year one, and rental yield registers 4.77% at a $865,000 basis. Equity gained on principal adds $5,582/yr, and annual property appreciation at 5% supports $238,984 by year five. Five-year ROI tracks 52.95% and total cumulative return in cash totals $150,687. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,440/mo property income relative to a $4,234/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49696, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,804 (100%) |
| Owner Occupied HU | 3,505 (73.0%) |
| Renter Occupied HU | 631 (13.1%) |
| Vacant Housing Units | 668 (13.9%) |
| Median Home Value | $370,334 |
| Average Home Value | $476,598 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,327
Multi-Family
1
Businesses
438
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Listed by: Matthew Geib • Viewpoint Realty
Mls Name: NGLRMLS
Mls ID: #1937478