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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield 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?
High rental yield properties in Traverse City, MI offer investors strong cash flow potential in a tourism-driven market. Average rents around $1,500 support yields above 7% with modest property prices. Annual appreciation of 4% and renter occupancy near 45% enhance long-term returns. Cap rates hover at 6-8%, ideal for buy-and-hold strategies. Tourist demand stabilizes income year-round.
9.5%
Avg. ROI
7.8%
Rental Yield
7.2%
Cap Rate
$850/mo
Avg. Cash Flow
$1516/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
High rental yield properties typically offer 7-9% gross yields. Average rents of $1,516 support strong cash flow. Tourism demand keeps occupancy above 90% for quality units.
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