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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Traverse City, MI
Listed for sale 1 day ago
$ 349,000
ROI
22.1
Cash Flow/m
225- 2 Bed
- 2 Bath
- 1700 sft
1072 Cupola Pl, Traverse City, MI, 49696
$ 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 1 day ago
$ 710,000
ROI
23.7Cash Flow/m
717- 3 Bed
- 4 Bath
- 3099 sft
3378 Silver Farms Ln, Traverse City, MI, 49684
$ 619,900
ROI
21.8Cash Flow/m
291- 3 Bed
- 3 Bath
- 1756 sft
E River Rd, Traverse city, MI, 49696
Why Invest in Traverse City, Michigan?
Investing in single-family homes in Traverse City, MI, offers a unique opportunity due to its growing rental demand and attractive lifestyle. With an average rental yield of 6% and a strong appreciation rate of 4% annually, this market is appealing for long-term investors looking for stability. Additionally, the average rent sits around $1,800, making it a lucrative option for generating positive cash flow.
8%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$300/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for single-family homes in Traverse City is approximately $1,800, making it an attractive option for renters.
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