4467 Audubon DrTraverse CityMI49686
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 4467 Audubon Dr, Traverse City, MI, 49686 generates $4,615/mo in rent and, after a $2,789/mo payment, leaves $828/mo in cash flow. Total monthly income is $4,615/mo, and annual cash flow is $9,936/yr on $187,497 invested. Return on cash invested sits at 25.36% in year one, and rental yield is 9.72% on a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 132.64% and total cumulative return in cash sums $248,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,615/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.35 Acres lot
$N/A/sqft
$350 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: Kelly Leipprandt • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933010
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.