The Bayview Plan, Build Your FutureTraverse CityMI49684
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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 The Bayview Plan, Build Your Future, Traverse City, MI, 49684 priced at $500,000 converts $2,737/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,737/mo. Return on cash invested prints 15.85% in year one, and rental yield reads 6.57% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 81.63% and total cumulative return in cash sums $135,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,737/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Manufactured
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
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Listed by: N/A • Immersive Homes
Mls Name: Immersive Homes
Mls Provider:
Mls ID: #N/A