3798 Vale DrTraverse CityMI49686
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 3798 Vale Dr, Traverse City, MI, 49686 at $198,750 posts ROI 20.33% with $23/mo cash flow from $1,584/mo rent. Total monthly income equals $1,584/mo, and annual cash flow records $278/yr on $65,886 to close. Return on cash invested measures 20.33% and rental yield reads 9.56% at the current $198,750. Equity gained on principal adds $1,283/yr, and 5% annual appreciation supports $54,911 by year five. Five-year ROI prints 107.35% and total cumulative return in cash totals $70,727.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,584/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2008
N/A lot
$N/A/sqft
$3,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49686, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,006 (100%) |
| Owner Occupied HU | 8,532 (60.9%) |
| Renter Occupied HU | 3,760 (26.8%) |
| Vacant Housing Units | 1,714 (12.2%) |
| Median Home Value | $375,817 |
| Average Home Value | $494,907 |
Housing Distribution
Address Breakdown
Residential
12,964
Single Family
12,118
Multi-Family
846
Businesses
1,436
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Listed by: Ryan Craig • The Mitten Real Estate Group
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1930494
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.