629 S Union StTraverse 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 629 S Union St, Traverse City, MI, 49684 at $309,000 posts ROI 29.1% with $785/mo cash flow from $2,822/mo rent. Total monthly income equals $2,822/mo, and annual cash flow records $9,416/yr on $102,434 to close. Return on cash invested measures 29.1% and rental yield reads 10.96% at the current $309,000. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 by year five. Five-year ROI prints 152.67% and total cumulative return in cash totals $156,389.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,822/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
6,098 sqft 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: Karen Ardery • Century 21 Northland
Mls Name: NGLRMLS
Mls ID: #1940954