4473 Quail CtTraverse 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 4473 Quail Ct, Traverse City, MI, 49685 earns $1,863/mo cash flow from $4,348/mo rent with a $1,835/mo payment. Total monthly income totals $4,348/mo, and annual cash flow totals $22,352/yr on $124,313 capital. ROI tracks 37.89% on current figures, and rental yield reads 13.91% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 199.84% and total cumulative return in cash sums $248,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,348/mo property income instead of your personal income.
Single Family
Built in 2010
0.33 Acres lot
$N/A/sqft
$154 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: Steve Cavender • Keller Williams Northern Michi
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924499
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.