3866 Angling WayTraverse CityMI49685
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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 3866 Angling Way, Traverse City, MI, 49685 priced at $919,000 pairs $3,718/mo rent with after a $4,498/mo payment. Total monthly income equals $3,718/mo. Return on cash invested is 10.66% in year one, and rental yield stands at 4.85% on a $919,000 basis. Equity gained on principal adds $5,930/yr, and 5% annual appreciation accumulates to $253,903 by year five. Five-year ROI measures 53.78% and total cumulative return in cash reaches $162,613. For financing, Ziffy Mortgage’s DSCR program evaluates $3,718/mo property income against a $4,498/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.76 Acres lot
$N/A/sqft
$312 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49685, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 6,995 (73.5%) |
| Renter Occupied HU | 1,772 (18.6%) |
| Vacant Housing Units | 745 ( 7.8%) |
| Median Home Value | $362,492 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
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Listed by: Linda Schaub • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926344
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.