Traverse City, MI Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Traverse City, MI. Based on 20+ datapoints.
Traverse City, MI Long-Term Rental Investment Snapshot
Based on 20+ long-term rental datapoints
Median Cap Rate
4.4%
Avg Cash on Cash
-9.6%
Median Cashflow
-$736/mo
Avg Rent Estimate
$2,802/mo
Avg Price
$519,288
Price Range
$347,400 - $770,100
Rent to Price
0.54%
low ratio
Positive Cashflow
8%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Traverse City, MI
Traverse City, MI is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.4%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 20+ analyzed properties, the median monthly cashflow in Traverse City, MI is -$736 with average rents of $2,802/month. Properties range from $347,400 to $770,100, offering entry points across multiple investment budgets.
10579 Camrose Cir #12, Traverse City, MI 49684
Price
$669,000
Rent
$3,418
CachFlow
-$1,808
CoC
-15.44
712 N South Long Lake Rd, Traverse City, MI 49685
Price
$569,000
Rent
$3,350
CachFlow
-$1,021
CoC
-10.25
Traverse City, MI Rental Market Insights
- •Median cashflow is -$736/month — careful deal selection is essential here
- •4.4% median cap rate is typical of appreciation-focused markets
- •At 8% positive cashflow rate, Traverse City, MI requires selective property picks
- •Premium market with properties from $347,400 to $770,100
- •Consider this market if your strategy favors equity growth with rental income covering holding costs