7559 E Meadows Dr #52Traverse CityMI49621
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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 7559 E Meadows Dr #52, Traverse City, MI, 49621 generates $2,370/mo in rent, after a $2,545/mo payment. Total monthly income is $2,370/mo. Return on cash invested sits at 12.63% in year one, and rental yield is 5.47% on a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 64.35% and total cumulative return in cash sums $110,068. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,370/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49621, Cedar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 1,237 (64.8%) |
| Renter Occupied HU | 156 ( 8.2%) |
| Vacant Housing Units | 517 (27.1%) |
| Median Home Value | $371,675 |
| Average Home Value | $468,618 |
Housing Distribution
Address Breakdown
Residential
1,541
Single Family
1,541
Multi-Family
0
Businesses
56
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Listed by: Dewayne Kirkman • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1934573