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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Traverse City, MI
$ 140,000
ROI
25.0
Cash Flow/m
203- 3 Bed
- 2 Bath
- 1390 sft
4774 N Flamingo Dr, Traverse City, MI, 49685
$ 127,000
ROI
69.6Cash Flow/m
1763- - Bed
- - Bath
- - sft
Zimmerman Rd, Traverse city, MI, 49685
$ 117,900
ROI
24.9Cash Flow/m
168- 3 Bed
- 2 Bath
- 1568 sft
2278 Friendship Dr, Traverse City, MI, 49686
$ 100,000
ROI
23.7Cash Flow/m
109- - Bed
- - Bath
- - sft
12755 S Marina Village Dr #44, Traverse City, MI, 49684
Why Invest in Traverse City, Michigan?
Investing in Traverse City, MI offers a unique opportunity to acquire properties for under $200k, appealing to both new and seasoned investors. With an average rental yield of 7% and a strong local economy bolstered by tourism, this city presents robust investment prospects. The demand for rentals remains high, further aided by an impressive appreciation rate of 5% annually.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent in Traverse City is approximately $1,300, reflecting a steady rental market with increasing demand.
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