6432 Mission RdgTraverse CityMI49686
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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
Rental property for sale in Traverse City at 6432 Mission Rdg, Traverse City, MI, 49686 offers $4,636/mo rent that, after a $3,108/mo payment, leaves $449/mo cash flow. Total monthly income is $4,636/mo, and annual cash flow is $5,382/yr on $208,915 cash. Return on cash invested measures 22.64% in year one, and rental yield stands at 8.76% at a $635,000 entry. Equity gained on principal adds $4,098/yr while 5% annual appreciation compounds into $175,439 by year five. Five-year ROI records 117.97% and total cumulative return in cash reaches $246,464. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,636/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49686, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,006 (100%) |
| Owner Occupied HU | 8,532 (60.9%) |
| Renter Occupied HU | 3,760 (26.8%) |
| Vacant Housing Units | 1,714 (12.2%) |
| Median Home Value | $375,817 |
| Average Home Value | $494,907 |
Housing Distribution
Address Breakdown
Residential
12,964
Single Family
12,118
Multi-Family
846
Businesses
1,436
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Listed by: Camille Campbell • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls ID: #1941755