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 15+ datapoints.
Traverse City, MI Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
2.6%
Avg Cash on Cash
-17.6%
Median Cashflow
-$1,579/mo
Avg Rent Estimate
$2,593/mo
Avg Price
$622,483
Price Range
$250K – $1.4M
approximate
Rent to Price
0.42%
low ratio
Positive Cashflow
0%
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 2.6%, 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 15+ analyzed properties, the median monthly cashflow in Traverse City, MI is -$1,579 with average rents of $2,593/month. Properties are priced about $250,000 to $1,400,000, offering entry points across multiple investment budgets.
10104 Fishers Run, Traverse City, MI 49685
Price
$486,400
Rent
$2,964
CachFlow
-$949
CoC
-11.15
4873 S Red Oaks Dr, Traverse City, MI 49685
Price
$318,900
Rent
$2,589
CachFlow
-$125
CoC
-2.24
18307 Mission Rd, Traverse City, MI 49686
Price
$799,900
Rent
$2,625
CachFlow
-$3,146
CoC
-22.47
Traverse City, MI Rental Market Insights
- Median cashflow is -$1,579/month — careful deal selection is essential here
- 2.6% median cap rate is typical of appreciation-focused markets
- At 0% positive cashflow rate, Traverse City, MI requires selective property picks
- Premium market with properties priced about $250,000 to $1,400,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs