5665 Secor RdTraverse CityMI49685
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow5665 Secor Rd, Traverse City, MI, 49685 in Traverse City earns its strong cash-flow label: 10.77% yield, $4,217/mo rent, $1,118/mo net income, DSCR 2.00. The $469,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $129,825 by year five. Combined with $4,328/yr in principal paydown, total projected return reaches $250,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.0% |
| Monthly Cash Flow | $1,118 | $500 |
City averages based on Traverse City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,217 |
| Total Monthly Debt Service | $2,912 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1991
2.33 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
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
Single Family
Built in 1991
2.33 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