4321 Hickory DrTraverse 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
Investment property for sale in Traverse City at 4321 Hickory Dr, Traverse City, MI, 49685 earns $135/mo cash flow from $1,651/mo rent with a $1,125/mo payment. Total monthly income totals $1,651/mo, and annual cash flow totals $1,622/yr on $76,212 capital. ROI tracks 22.04% on current figures, and rental yield reads 8.62% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash sums $87,527. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,651/mo property income instead of your personal income.
Manufactured
Built in 1993
0.36 Acres lot
$N/A/sqft
No 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: Christina Ingersoll • REMAX Bayshore - Union St TC
Mls Name: NGLRMLS
Mls ID: #1941060