2798 Frank St, Traverse City, MI 49686

2 bd · 1 ba · 924 sqft · built 1971 · Traverse City · MOBILE·source listing ↗

$29,995

rent, three ways

OnePercent model (vv1)$1,719/mo

p10–p90 confidence band

HUD Fair Market Rent · 49686 · 2BR

$1,370/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Grand Traverse

Flood risk indexRelatively Moderate FEMA NRI

Median household income$71,609

Median area rent$1,227/mo

Median home value$344,700

the verdict

5.73%vs 1.2% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$29,995

5.73% · rent $1,719

Intrinsic value · income approach

$356,979

92% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.