Townhouse Investment Properties for Sale in Traverse City, MI
$ 329,900
ROI
27.5
Cash Flow/m
714- 3 Bed
- 3 Bath
- 1800 sft
4138 Sherwood Forest Dr, Traverse City, MI, 49686
Airbnb Potential
$ 255,000
ROI
28.1Cash Flow/m
594- 2 Bed
- 2 Bath
- 1284 sft
3955 Emily Ln, Traverse city, MI, 49686
$ 265,000
ROI
24.1Cash Flow/m
320- 2 Bed
- 3 Bath
- 1183 sft
3847 Sherwood Forest Dr, Traverse City, MI, 49686
$ 290,000
ROI
21.3Cash Flow/m
123- 2 Bed
- 2 Bath
- 1328 sft
3942 Sherwood Forest Dr, Traverse City, MI, 49686
Why Invest in Traverse City, Michigan?
Investing in townhouses in Traverse City, MI, offers an attractive opportunity for growth. With a average cash flow of $1,500 and a rental yield of 6%, investors can expect steady returns while enjoying the area's natural beauty and charm. The local market has seen a consistent appreciation rate of 4% annually, alongside a supportive rental market.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$2500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental price for townhouses in Traverse City is around $2,500 per month, which reflects the area's demand and the quality of living.
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