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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Traverse City, MI
Listed for sale 1 day ago
$ 495,000
ROI
21.9
Cash Flow/m
293- 4 Bed
- 3 Bath
- 1988 sft
3317 N Timberwood Dr, Traverse City, MI, 49686
$ 300,000
ROI
25.7Cash Flow/m
495- 2 Bed
- 1 Bath
- 915 sft
203 W 16th St, Traverse city, MI, 49684
Listed for sale 2 days ago
$ 315,000
ROI
28.9Cash Flow/m
802- 3 Bed
- 2 Bath
- 1352 sft
1800 W Brentwood St, Traverse City, MI, 49685
$ 599,900
ROI
27.9Cash Flow/m
1281- 2 Bed
- 2 Bath
- 3289 sft
136 E 17th St, Traverse city, MI, 49684
Why Invest in Traverse City, Michigan?
Investing in Traverse City, MI, particularly in multifamily properties, provides a unique opportunity. With an average cash flow of $500 per month and a robust rental yield of 6%, this area shows promising growth potential. The local market is characterized by a cap rate of 8% and an appreciation rate of 4% year-over-year, making it an attractive option for savvy investors.
10%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$500/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for a property in Traverse City is approximately $1,500 per month. This figure varies based on property type and location within the city.
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