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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Short Term Rental Investment Properties for Sale in Traverse City, MI
Airbnb Potential
$ 220,000
ROI
23.3
Cash Flow/m
214- 2 Bed
- 1 Bath
- 896 sft
209 Fair St APT 2, Traverse City, MI, 49686
Airbnb Potential
$ 300,000
ROI
27.4Cash Flow/m
641- 3 Bed
- 1 Bath
- 1550 sft
510 Three Mile Rd S, Traverse City, MI, 49696
Airbnb Potential
$ 420,000
ROI
21.1Cash Flow/m
154- 1 Bed
- 2 Bath
- 804 sft
141 Rivers Edge Dr Suite 307, Traverse City, MI, 49684
Airbnb Potential
$ 429,900
ROI
20.1Cash Flow/m
44- 3 Bed
- 1 Bath
- 1272 sft
6072 Center Rd, Traverse City, MI, 49686
Why Invest in Traverse City, Michigan?
Short-term rentals in Traverse City, MI thrive due to high tourism demand from its lakeside location and festivals. Investors benefit from strong seasonal occupancy and appreciation rates around 3-5% annually. Average rents support healthy cash flow, with cap rates holding steady at 6-8%. Renter-occupied units remain elevated at 40%, bolstered by visitor traffic. The market shows resilience with moderate price growth amid balanced inventory.
8.2%
Avg. ROI
7.1%
Rental Yield
6.8%
Cap Rate
$1850/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
3.6%
1Y Appreciation
Frequently Asked Questions
Yes, high tourism and festivals drive strong seasonal demand. Average occupancy exceeds 70% with yields around 7%. Focus on properties near downtown or lakes for best returns.
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