4774 N Flamingo DrTraverse CityMI49685
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
Investment property for sale in Traverse City at 4774 N Flamingo Dr, Traverse City, MI, 49685 listed at $115,000 pairs $917/mo rent with a $563/mo payment to leave $159/mo cash flow. Total monthly income runs $917/mo, and annual cash flow reaches $1,902/yr on $38,123 cash to close. Return on cash invested measures 24.9% in year one, and rental yield registers 9.57% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 130.18% and total cumulative return in cash totals $49,629. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $917/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1973
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Cavender • Keller Williams Northern Michigan
Mls Name: NGLRMLS
Mls ID: #1941123