997 Birmley Estates DrTraverse CityMI49696
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 997 Birmley Estates Dr, Traverse City, MI, 49696 generates $2,760/mo in rent, after a $2,574/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 15.15% in year one, and rental yield is 6.3% on a $525,900 entry. Equity gained on principal adds $3,394/yr, while 5% annual appreciation builds toward $145,296 over five years. Five-year ROI reaches 77.82% and total cumulative return in cash sums $134,643. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelly Drossart • REO-TCFront-233021
Mls Name: NGLRMLS
Mls ID: #1937991