864 E State StTraverse 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 864 E State St, Traverse City, MI, 49686 listed at $345,200 pairs $2,106/mo rent with a $1,690/mo payment. Total monthly income runs $2,106/mo. Return on cash invested measures 17.24% in year one, and rental yield registers 7.32% at a $345,200 basis. Equity gained on principal adds $2,228/yr, and annual property appreciation at 5% supports $95,372 by year five. Five-year ROI tracks 89.4% and total cumulative return in cash totals $102,307. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,106/mo property income relative to a $1,690/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1901
0.25 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: N/A • N/A
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Mls ID: #N/A