4490 Marykris Ln UNIT 16Traverse 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 4490 Marykris Ln UNIT 16, Traverse City, MI, 49685 earns from $3,300/mo rent with a $3,271/mo payment. Total monthly income totals $3,300/mo. ROI tracks 14.02% on current figures, and rental yield reads 5.92% at a $668,400 purchase. Equity gained on principal adds $4,313/yr, and 5% annual appreciation supports $184,667 over five years. Five-year ROI reaches 71.75% and total cumulative return in cash sums $157,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,300/mo property income instead of your personal income.
Single Family
Built in 2003
1 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: Jr. Quinones-Blehm • Traverse Real Estate
Mls Name: NGLRMLS
Mls ID: #1938106