916 Webster 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 916 Webster St, Traverse City, MI, 49686 uses $103,925 cash to close to unlock $6,804/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $2,634/mo, and a $1,534/mo payment keeps the spread at $567/mo. Purchase price stands at $313,500, and rental yield measures 10.08% with $2,634/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $86,614 over five years. Five-year ROI reaches 138.53% and total cumulative return in cash records $143,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,634/mo property income covering a $1,534/mo payment rather than investor’s personal income.
Single Family
Built in 1885
9,147 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: Kenneth Weaver • Berkshire Hathaway Homeservices - TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933205
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.