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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 2 days ago
$ 260,000
ROI
24.6
Cash Flow/m
354- 3 Bed
- 1 Bath
- 912 sft
2622 Virginia Ave, Traverse City, MI, 49685
Listed for sale 3 days ago
$ 279,900
ROI
29.1Cash Flow/m
732- 3 Bed
- 2 Bath
- 1356 sft
931 Baldwin St, Traverse City, MI, 49686
Airbnb Potential
Listed for sale 4 days ago
$ 300,000
ROI
21.9Cash Flow/m
180- 2 Bed
- 1 Bath
- 720 sft
885 Parsons Rd, Traverse City, MI, 49686
Listed for sale 4 days ago
$ 569,900
ROI
20.3Cash Flow/m
36- 3 Bed
- 3 Bath
- 2346 sft
3552 Lookout Pt, Traverse City, MI, 49686
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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