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
2.8%
Avg Cash on Cash
-15.9%
Median Cashflow
-$1,377/mo
Avg Rent Estimate
$2,735/mo
Avg Price
$597,884
Price Range
$255,400 - $1,325,000
Rent to Price
0.46%
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 2.8%, 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 -$1,377 with average rents of $2,735/month. Properties range from $255,400 to $1,325,000, offering entry points across multiple investment budgets.
18529 Mission Rd, Traverse City, MI 49686
Price
$524,000
Rent
$2,587
CachFlow
-$1,217
CoC
-13.27
687 Arbutus Trl, Traverse City, MI 49696
Price
$631,000
Rent
$2,730
CachFlow
-$1,962
CoC
-17.77
11400 Peninsula Dr, Traverse City, MI 49686
Price
$1,325,000
Rent
$2,823
CachFlow
-$5,965
CoC
-25.73
1819 Timber Lane Dr, Traverse City, MI 49686
Price
$835,800
Rent
$3,102
CachFlow
-$2,783
CoC
-19.03
Traverse City, MI Rental Market Insights
- •Median cashflow is -$1,377/month — careful deal selection is essential here
- •2.8% 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 from $255,400 to $1,325,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs