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
-10.6%
Median Cashflow
-$736/mo
Avg Rent Estimate
$2,738/mo
Avg Price
$522,025
Price Range
$293,900 - $770,100
Rent to Price
0.52%
low ratio
Positive Cashflow
12%
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 $2,738/month. Properties range from $293,900 to $770,100, offering entry points across multiple investment budgets.
11711 S West Bay Shore Dr, Traverse City, MI 49684
Price
$1,549,000
Rent
$4,974
CachFlow
-$5,128
CoC
-18.92
3869 Stoneridge Dr, Traverse City, MI 49684
Price
$647,600
Rent
$3,059
CachFlow
-$1,650
CoC
-14.56
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 12% positive cashflow rate, Traverse City, MI requires selective property picks
- •Premium market with properties from $293,900 to $770,100
- •Consider this market if your strategy favors equity growth with rental income covering holding costs