867 Orchid TrlTraverse CityMI49685
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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 867 Orchid Trl, Traverse City, MI, 49685 priced at $117,900 converts $886/mo rent into $109/mo cash flow after a $577/mo obligation. Total monthly income equals $886/mo, and annual cash flow totals $1,303/yr on $39,084 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 9.02% against a $117,900 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,574 by year five. Five-year ROI reaches 121.3% and total cumulative return in cash sums $47,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $886/mo property income covering a $577/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49685, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 6,995 (73.5%) |
| Renter Occupied HU | 1,772 (18.6%) |
| Vacant Housing Units | 745 ( 7.8%) |
| Median Home Value | $362,492 |
| Average Home Value | $413,680 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,029
Multi-Family
1,118
Businesses
850
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Listed by: N/A • Meadow Lane
Mls Name: Meadow Lane
Mls ID: #N/A