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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Traverse City, MI
Currently Rented
Listed for sale 5 days ago
$ 289,999
ROI
22.8
Cash Flow/m
248- 2 Bed
- 2 Bath
- 1404 sft
2103 Alta Vista Dr, Traverse City, MI, 49686
$ 249,900
ROI
40.0Cash Flow/m
1410- - Bed
- - Bath
- - sft
Fisher Rd, Traverse city, MI, 49685
Listed for sale 5 days ago
$ 279,000
ROI
20.8Cash Flow/m
79- 2 Bed
- 2 Bath
- 1360 sft
4003 Robin Hood Ln, Traverse City, MI, 49686
Fix & Flip
Listed for sale 5 days ago
$ 220,000
ROI
30.0Cash Flow/m
626- 3 Bed
- 1 Bath
- 960 sft
3962 Holiday Rd, Traverse City, MI, 49686
Why Invest in Traverse City, Michigan?
Discover investment opportunities in Traverse City, MI under $300k, where affordable condos and townhomes offer strong entry points for cash flow. Cherry industry and tourism drive consistent rental demand year-round. Expect rental yields around 7-8% with cap rates of 6-7% in this growing market. Annual appreciation averages 4%, supported by population influx. Renter-occupied units exceed 40%, ensuring stable income streams.
9.5%
Avg. ROI
7.8%
Rental Yield
6.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, numerous condos and townhomes under $300k offer solid rental yields around 7-8%. Tourism and local employment ensure steady demand. Focus on units near downtown for best cash flow.
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