536 Brakel Point 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 536 Brakel Point Dr, Traverse City, MI, 49685 at $1,975,000 posts ROI 1.33% with from $2,874/mo rent. Total monthly income equals $2,874/mo. Return on cash invested measures 1.33% and rental yield reads 1.75% at the current $1,975,000. Equity gained on principal adds $12,744/yr, and 5% annual appreciation supports $545,656 by year five. Five-year ROI prints 3.68% and total cumulative return in cash totals $23,574. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,874/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2003
9,583 sqft 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: Thomas Corbett • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls ID: #1935937