733 6th 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 733 6th St, Traverse City, MI, 49684 uses $99,417 cash to close to unlock $11,906/yr annual cash flow and $992/mo monthly cash flow. Total monthly income runs $2,970/mo, and a $1,468/mo payment keeps the spread at $992/mo. Purchase price stands at $299,900, and rental yield measures 11.88% with $2,970/mo rent. Return on cash invested shows 31.88% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 167.64% and total cumulative return in cash records $166,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,970/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1881
6,534 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: Sarah Bailey • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls ID: #1936165