6019 Dover LnTraverse 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 6019 Dover Ln, Traverse City, MI, 49685 listed at $425,000 pairs $3,167/mo rent with a $2,080/mo payment to leave $365/mo cash flow. Total monthly income runs $3,167/mo, and annual cash flow reaches $4,374/yr on $140,888 cash to close. Return on cash invested measures 23.01% in year one, and rental yield registers 8.94% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 120.03% and total cumulative return in cash totals $169,109. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,167/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
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 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
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Listed by: Linda Schaub • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1938379