990 Four Mile Rd NTraverse 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 990 Four Mile Rd N, Traverse City, MI, 49696 generates $2,528/mo in rent and, after a $1,835/mo payment, leaves $56/mo in cash flow. Total monthly income is $2,528/mo, and annual cash flow is $666/yr on $124,313 invested. Return on cash invested sits at 20.44% in year one, and rental yield is 8.09% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 106.25% and total cumulative return in cash sums $132,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,528/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.21 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: Rob Gray • Coldwell Banker Schmidt-Benzie
Mls Name: NGLRMLS
Mls ID: #1938481