6104 Lake Leelanau DrTraverse CityMI49684
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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 6104 Lake Leelanau Dr, Traverse City, MI, 49684 offers a 2.4% rental yield on a $1,999,999 purchase with $4,007/mo rent. 37% in year one. Equity gained on principal adds $12,906/yr while 5% annual appreciation supports $552,563 over five years. Portfolio math shows five-year ROI at 14.57% and total cumulative return in cash at $94,423. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,007/mo property income against a $9,789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1998
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49684, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 7,484 (60.8%) |
| Renter Occupied HU | 3,386 (27.5%) |
| Vacant Housing Units | 1,432 (11.6%) |
| Median Home Value | $398,218 |
| Average Home Value | $509,057 |
Housing Distribution
Address Breakdown
Residential
11,586
Single Family
9,750
Multi-Family
1,836
Businesses
1,955
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Listed by: N/A • N/A
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Mls ID: #N/A