412-2A Webster StTraverse CityMI49686
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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 412-2A Webster St, Traverse City, MI, 49686 with 5% annual appreciation on a $1,382,062 basis while $2,640/mo rent supports operations. 11% in year one. Equity gained on principal adds $8,918/yr, and five-year appreciation sums $381,838 alongside rental yield of 2.29%. Five-year ROI measures 3.16% and total cumulative return in cash totals $14,164. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,640/mo property income versus a $6,765/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1914
N/A lot
$N/A/sqft
$8,550 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: Jennifer Gaston • REMAX Bayshore - Union St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929792
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.