Marquette 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 Marquette Plan, Verndale at East Bay, Traverse City, MI, 49696 priced at $799,990 pairs $5,626/mo rent with $350/mo cash flow after a $3,916/mo payment. Total monthly income equals $5,626/mo, and annual cash flow comes to $4,200/yr on $263,197 invested. Return on cash invested is 21.66% in year one, and rental yield stands at 8.44% on a $799,990 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $221,022 by year five. Five-year ROI measures 112.73% and total cumulative return in cash reaches $296,704. For financing, Ziffy Mortgage’s DSCR program evaluates $5,626/mo property income against a $3,916/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