812 E 8th StTraverse CityMI49686
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 812 E 8th St, Traverse City, MI, 49686 at $286,100 posts ROI 32.13% with $966/mo cash flow from $2,887/mo rent. Total monthly income equals $2,887/mo, and annual cash flow records $11,590/yr on $94,842 to close. Return on cash invested measures 32.13% and rental yield reads 12.11% at the current $286,100. Equity gained on principal adds $1,846/yr, and 5% annual appreciation supports $79,044 by year five. Five-year ROI prints 169.07% and total cumulative return in cash totals $160,348.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,887/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1891
5,662 sqft 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: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate
Mls ID: #1933898