Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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
Airbnb Potential
$ 255,000
ROI
28.1Cash Flow/m
594- 2 Bed
- 2 Bath
- 1284 sft
3955 Emily Ln, Traverse city, MI, 49686
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
$ 249,900
ROI
40.0Cash Flow/m
1410- - Bed
- - Bath
- - sft
Fisher Rd, Traverse city, MI, 49685
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.
Find Your Perfect Investment Property in Traverse City, Michigan
Explore investment opportunities by strategy, performance, or property type
