6001 Dover Ln, Traverse City, MI, 49685 | $747/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Traverse City at 6001 Dover Ln, Traverse City, MI, 49685 uses $122,622 cash to close to unlock $8,966/yr annual cash flow and $747/mo monthly cash flow. Total monthly income runs $3,186/mo, and a $1,810/mo payment keeps the spread at $747/mo. Purchase price stands at $369,900, and rental yield measures 10.34% with $3,186/mo rent. Return on cash invested shows 27.22% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 142.61% and total cumulative return in cash records $174,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,186/mo property income covering a $1,810/mo payment rather than investor’s personal income.

Single Family

Built in 1982

0.46 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