385 W Sleights RdTraverse 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 385 W Sleights Rd, Traverse City, MI, 49696 earns $135/mo cash flow from $2,113/mo rent with a $1,468/mo payment. Total monthly income totals $2,113/mo, and annual cash flow totals $1,620/yr on $99,450 capital. ROI tracks 21.54% on current figures, and rental yield reads 8.45% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 112.1% and total cumulative return in cash sums $111,480. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,113/mo property income instead of your personal income.
Single Family
Built in 1953
0.70 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: Catherine Barris • REO-TCFront-233021
Mls Name: NGLRMLS
Mls ID: #1940946