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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 3 days ago
$ 459,900
ROI
24.1
Cash Flow/m
550- 5 Bed
- 4 Bath
- 3497 sft
4911 Blair Townhall Rd, Traverse City, MI, 49685
$ 249,900
ROI
40.0Cash Flow/m
1410- - Bed
- - Bath
- - sft
Fisher Rd, Traverse city, MI, 49685
Listed for sale 4 days ago
$ 425,000
ROI
20.4Cash Flow/m
73- 3 Bed
- 3 Bath
- 1385 sft
10313 N Long Lake Rd, Traverse City, MI, 49685
Currently Rented
Listed for sale 5 days ago
$ 289,999
ROI
22.8Cash Flow/m
248- 2 Bed
- 2 Bath
- 1404 sft
2103 Alta Vista Dr, Traverse City, MI, 49686
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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