4076 Haverhill CtTraverse CityMI49684
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
Rental property for sale in Traverse City at 4076 Haverhill Ct, Traverse City, MI, 49684 generates $2,796/mo in rent and, after a $1,659/mo payment, leaves $561/mo in cash flow. Total monthly income is $2,796/mo, and annual cash flow is $6,728/yr on $112,379 invested. Return on cash invested sits at 25.9% in year one, and rental yield is 9.9% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 135.48% and total cumulative return in cash sums $152,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,796/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Kreta • Key Realty One-TC
Mls Name: NGLRMLS
Mls ID: #1940244