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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Traverse City, MI
Listed for sale 1 day ago
$ 349,000
ROI
22.1
Cash Flow/m
225- 2 Bed
- 2 Bath
- 1700 sft
1072 Cupola Pl, Traverse City, MI, 49696
$ 300,000
ROI
25.7Cash Flow/m
495- 2 Bed
- 1 Bath
- 915 sft
203 W 16th St, Traverse city, MI, 49684
Listed for sale 3 days ago
$ 360,800
ROI
28.3Cash Flow/m
862- 4 Bed
- 2 Bath
- 1556 sft
2392 Woodcock Ln, Traverse City, MI, 49685
$ 400,000
ROI
25.4Cash Flow/m
631- - Bed
- - Bath
- - sft
N Long Lake Rd, Traverse city, MI, 49684
Why Invest in Traverse City, Michigan?
Investing in Traverse City under $500K provides a unique opportunity to tap into a thriving market. With an average ROI around 7% and a rental yield of 5%, investors can expect strong cash flows. The city's charm and growth continue to attract residents, bolstering occupancy rates, which currently stand at 90%.
7%
Avg. ROI
5%
Rental Yield
6%
Cap Rate
$200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Traverse City is approximately $1,500. This figure can vary based on location and property type.
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