Grand Haven Plan, Verndale at East BayTraverse 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 Grand Haven Plan, Verndale at East Bay, Traverse City, MI, 49696 priced at $669,990 pairs $4,420/mo rent with $2/mo cash flow after a $3,279/mo payment. Total monthly income equals $4,420/mo, and annual cash flow comes to $24/yr on $220,427 invested. Return on cash invested is 20.07% in year one, and rental yield stands at 7.92% on a $669,990 basis. Equity gained on principal adds $4,323/yr, and 5% annual appreciation accumulates to $185,106 by year five. Five-year ROI measures 104.24% and total cumulative return in cash reaches $229,766. For financing, Ziffy Mortgage’s DSCR program evaluates $4,420/mo property income against a $3,279/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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: N/A • Great Lake Construction
Mls Name: Great Lake Construction
Mls ID: #N/A