Under $500K Investment Properties for Sale in Traverse City, MI
Listed for sale 1 day ago
$ 419,900
ROI
23.5
Cash Flow/m
440- 3 Bed
- 2 Bath
- 1821 sft
849 Denie Ln, 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 1 day ago
$ 360,000
ROI
20.1Cash Flow/m
35- 3 Bed
- 1 Bath
- 1329 sft
932 E State 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?
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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