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 10+ datapoints.
Traverse City, MI Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.3%
Avg Cash on Cash
-10.6%
Median Cashflow
-$822/mo
Avg Rent Estimate
$2,633/mo
Avg Price
$539,450
Price Range
$293,900 - $770,100
Rent to Price
0.49%
low ratio
Positive Cashflow
7%
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 4.3%, 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 10+ analyzed properties, the median monthly cashflow in Traverse City, MI is -$822 with average rents of $2,633/month. Properties range from $293,900 to $770,100, offering entry points across multiple investment budgets.
3098 Crown Wood Ct, Traverse City, MI 49685
Price
$613,000
Rent
$2,591
CachFlow
-$1,694
CoC
-15.79
9754 E Harbor Hills Dr, Traverse City, MI 49684
Price
$725,000
Rent
$3,076
CachFlow
-$1,840
CoC
-14.5
10062 E Claremont Dr, Traverse City, MI 49684
Price
$445,000
Rent
$2,694
CachFlow
-$567
CoC
-7.28
Traverse City, MI Rental Market Insights
- •Median cashflow is -$822/month — careful deal selection is essential here
- •4.3% median cap rate is typical of appreciation-focused markets
- •At 7% 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