8906B Manhattan NTraverse 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
Investment property for sale in Traverse City at 8906B Manhattan N, Traverse City, MI, 49685 uses $164,093 cash to close to unlock $234/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $3,284/mo, and a $2,423/mo payment keeps the spread at $20/mo. Purchase price stands at $495,000, and rental yield measures 7.96% with $3,284/mo rent. Return on cash invested shows 20.05% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 104.14% and total cumulative return in cash records $170,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,284/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Condo
Built in 2019
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: Milda Stapleton • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls ID: #1941820