553 Strohm RdTraverse CityMI49696
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 553 Strohm Rd, Traverse City, MI, 49696 with 5% annual appreciation on a $435,000 basis while $2,705/mo rent supports operations. 55% in year one. Equity gained on principal adds $2,807/yr, and five-year appreciation sums $120,182 alongside rental yield of 7.46%. Five-year ROI measures 96.09% and total cumulative return in cash totals $138,564. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,705/mo property income versus a $2,129/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49696, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,804 (100%) |
| Owner Occupied HU | 3,505 (73.0%) |
| Renter Occupied HU | 631 (13.1%) |
| Vacant Housing Units | 668 (13.9%) |
| Median Home Value | $370,334 |
| Average Home Value | $476,598 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,327
Multi-Family
1
Businesses
438
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Hastings • Key Realty One-TC
Mls Name: NGLRMLS
Mls ID: #1937686