85 Tibbets Lake LnTraverse CityMI49696
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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 85 Tibbets Lake Ln, Traverse City, MI, 49696 priced at $410,000 pairs $2,898/mo rent with $194/mo cash flow after a $2,007/mo payment. Total monthly income equals $2,898/mo, and annual cash flow comes to $2,328/yr on $135,915 invested. Return on cash invested is 21.62% in year one, and rental yield stands at 8.48% on a $410,000 basis. Equity gained on principal adds $2,646/yr, and 5% annual appreciation accumulates to $113,275 by year five. Five-year ROI measures 112.54% and total cumulative return in cash reaches $152,963. For financing, Ziffy Mortgage’s DSCR program evaluates $2,898/mo property income against a $2,007/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2001
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49696, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,804 (100%) |
| Owner Occupied HU | 3,505 (73.0%) |
| Renter Occupied HU | 631 (13.1%) |
| Vacant Housing Units | 668 (13.9%) |
| Median Home Value | $370,334 |
| Average Home Value | $476,598 |
Housing Distribution
Address Breakdown
Residential
4,328
Single Family
4,327
Multi-Family
1
Businesses
438
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Listed by: Marissa Spencer • Berkshire Hathaway Homeservices - TC
Mls Name: NGLRMLS
Mls ID: #1940342