677 Amy AveTraverse 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
Investment property for sale in Traverse City at 677 Amy Ave, Traverse City, MI, 49686 with 5% annual appreciation on a $280,000 basis while $1,925/mo rent supports operations. Total monthly income totals $1,925/mo and a $1,370/mo payment preserves $79/mo for cash returns. Annual cash flow comes to $948/yr on $92,820 deployed, and return on cash invested reaches 20.93% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 8.25%. Five-year ROI measures 108.83% and total cumulative return in cash totals $101,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,925/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.34 Acres 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: Steve Koleno • Beycome Brokerage Realty LLC
Mls Name: Realcomp II
Mls ID: #20251061514