4758 Kodiak 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 4758 Kodiak Dr, Traverse City, MI, 49685 offers a 10.02% rental yield on a $520,000 purchase with $4,343/mo rent. Total monthly income registers $4,343/mo, and a $2,545/mo payment leaves $914/mo available for distribution. Annual cash flow reaches $10,968/yr on $171,080 to close, and return on cash invested stands at 26.47% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,666 over five years. Portfolio math shows five-year ROI at 138.52% and total cumulative return in cash at $236,987. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,343/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
N/A 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: Renee Waverly • Brookstone, Realtors
Mls Name: NGLRMLS
Mls ID: #1941226