Under $200K Investment Properties for Sale in Traverse City, MI
Listed for sale 5 days ago
$ 134,900
ROI
24.4
Cash Flow/m
175- 3 Bed
- 2 Bath
- 1456 sft
2282 Treelane Dr, Traverse City, MI, 49686
Listed for sale 7 days ago
$ 189,000
ROI
24.1Cash Flow/m
227- 2 Bed
- 1 Bath
- 1120 sft
11867 Cedar Run Rd, Traverse City, MI, 49684
$ 175,000
ROI
24.0Cash Flow/m
205- 3 Bed
- 2 Bath
- 1344 sft
1673 Pine Dr, Traverse City, MI, 49686
$ 115,000
ROI
24.5Cash Flow/m
151- 3 Bed
- 2 Bath
- 1456 sft
2287 Summerfield Ln #763, Traverse City, MI, 49686
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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