525 Georgetown Dr APT 61Traverse CityMI49684
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 525 Georgetown Dr APT 61, Traverse City, MI, 49684 earns $264/mo cash flow from $1,726/mo rent with a $881/mo payment. Total monthly income totals $1,726/mo, and annual cash flow totals $3,171/yr on $59,670 capital. ROI tracks 25.22% on current figures, and rental yield reads 11.51% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 133.94% and total cumulative return in cash sums $79,925. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,726/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$2,640 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49684, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 7,484 (60.8%) |
| Renter Occupied HU | 3,386 (27.5%) |
| Vacant Housing Units | 1,432 (11.6%) |
| Median Home Value | $398,218 |
| Average Home Value | $509,057 |
Housing Distribution
Address Breakdown
Residential
11,586
Single Family
9,750
Multi-Family
1,836
Businesses
1,955
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Perkins • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934786
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.