Manistee Plan, Build Our Plans On Your LotTraverse CityMI49684
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 Manistee Plan, Build Our Plans On Your Lot, Traverse City, MI, 49684 priced at $599,990 converts $4,459/mo rent into $502/mo cash flow after a $2,937/mo obligation. Total monthly income equals $4,459/mo, and annual cash flow totals $6,024/yr on $197,397 invested. Return on cash invested prints 23.11% in year one, and rental yield reads 8.92% against a $599,990 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,766 by year five. Five-year ROI reaches 120.55% and total cumulative return in cash sums $237,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,459/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49684, Traverse City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 7,484 (60.8%) |
| Renter Occupied HU | 3,386 (27.5%) |
| Vacant Housing Units | 1,432 (11.6%) |
| Median Home Value | $398,218 |
| Average Home Value | $509,057 |
Housing Distribution
Address Breakdown
Residential
11,586
Single Family
9,750
Multi-Family
1,836
Businesses
1,955
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Great Lake Construction
Mls Name: Great Lake Construction
Mls ID: #N/A