TRAVERSE CITY Investment Analysis

Investment Property in TRAVERSE CITY, MI

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TRAVERSE CITY, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$444,734

Median

2,015

Avg/Sq.ft.
CASH ON CASH RETURN

1.00%

Traditional

N/A

Airbnb
NUMBER OF PROPERTIES

250

Investment

2,391

Airbnb

15

Traditional

23%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

81

Number of homes sold

58

Median days on market

99%

Average sale-to-list price ratio

26%

Percentage of listings with price drops

250

Active listings count

154

New listings count

6.2

Months of supply

TRAVERSE CITY, MI Properties Rental Prices

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Investment Properties for Sale in TRAVERSE CITY, MI

Investment Properties for Sale
$159,000
MLS 1946889
Kids Creek
Manufactured Home
2 beds 2 baths 924 sq.ft.
CAP RATE Trad. 8.29% Airbnb 8.76%
Investment Properties for Sale
$249,900
MLS 1944041
Kids Creek
Single Family Residential
3 beds 2 baths 1,484 sq.ft.
CAP RATE Trad. 7.71% Airbnb 7.73%
Investment Properties for Sale
$265,000
MLS 1945162
Kids Creek
Manufactured Home
3 beds 2 baths 1,296 sq.ft.
CAP RATE Trad. 5.09% Airbnb 6.06%
Investment Properties for Sale
$320,000
MLS 1944574
Kids Creek
Single Family Residential
3 beds 2 baths 1,539 sq.ft.
CAP RATE Trad. 5.67% Airbnb 5.97%
Investment Properties for Sale
$309,900
MLS 1946579
Kids Creek
Single Family Residential
3 beds 1 baths 894 sq.ft.
CAP RATE Trad. 3.31% Airbnb 5.83%
Investment Properties for Sale
$220,000
MLS 1947484
Traverse Heights
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 10.38% Airbnb 5.53%
Investment Properties for Sale
$254,900
MLS 1944765
Kids Creek
Condo/Coop
2 beds 2 baths 944 sq.ft.
CAP RATE Trad. 4.34% Airbnb 5.33%
Investment Properties for Sale
$349,900
MLS 1946355
Kids Creek
Single Family Residential
3 beds 2 baths 1,156 sq.ft.
CAP RATE Trad. 4.61% Airbnb 5.29%

Single Family Houses for Sale in TRAVERSE CITY, MI

Investment Properties for Sale
$249,900
MLS 1944041
Kids Creek
Single Family Residential
3 beds 2 baths 1,484 sq.ft.
CAP RATE Trad. 7.71% Airbnb 7.73%
Investment Properties for Sale
$320,000
MLS 1944574
Kids Creek
Single Family Residential
3 beds 2 baths 1,539 sq.ft.
CAP RATE Trad. 5.67% Airbnb 5.97%
Investment Properties for Sale
$309,900
MLS 1946579
Kids Creek
Single Family Residential
3 beds 1 baths 894 sq.ft.
CAP RATE Trad. 3.31% Airbnb 5.83%
Investment Properties for Sale
$220,000
MLS 1947484
Traverse Heights
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 10.38% Airbnb 5.53%
Investment Properties for Sale
$349,900
MLS 1946355
Kids Creek
Single Family Residential
3 beds 2 baths 1,156 sq.ft.
CAP RATE Trad. 4.61% Airbnb 5.29%
Investment Properties for Sale
$349,900
MLS 1946019
Kids Creek
Single Family Residential
3 beds 1 baths 960 sq.ft.
CAP RATE Trad. 3.81% Airbnb 5.29%
Investment Properties for Sale
$369,900
MLS 1946357
Kids Creek
Single Family Residential
3 beds 2 baths 1,156 sq.ft.
CAP RATE Trad. 4.31% Airbnb 4.95%
Investment Properties for Sale
$384,900
MLS 1946608
Kids Creek
Single Family Residential
3 beds 2 baths 1,225 sq.ft.
CAP RATE Trad. 4.39% Airbnb 4.80%

Multi Family Houses for sale in TRAVERSE CITY, MI

Investment Properties for Sale
$449,900
MLS 1946116
Central
Multi Family
2 beds 2 baths 1,872 sq.ft.
CAP RATE Trad. 3.28% Airbnb 2.16%
Investment Properties for Sale
$599,000
MLS 1946785
Slab Town
Multi Family
3 beds 3 baths 2,490 sq.ft.
CAP RATE Trad. 4.14% Airbnb 1.80%
Investment Properties for Sale
$440,000
MLS 1946364
Oak Park
Multi Family
2 beds 2 baths 977 sq.ft.
CAP RATE Trad. 0.61% Airbnb 1.34%
Investment Properties for Sale
$684,900
MLS 1943936
Central
Multi Family
N/A beds 4 baths 3,588 sq.ft.
CAP RATE Trad. 1.69% Airbnb 1.07%

Condos for Sale in TRAVERSE CITY, MI

Investment Properties for Sale
$254,900
MLS 1944765
Kids Creek
Condo/Coop
2 beds 2 baths 944 sq.ft.
CAP RATE Trad. 4.34% Airbnb 5.33%
Investment Properties for Sale
$259,000
MLS 1946389
Kids Creek
Condo/Coop
2 beds 2 baths 906 sq.ft.
CAP RATE Trad. 3.67% Airbnb 4.68%
Investment Properties for Sale
$289,900
MLS 1944338
Kids Creek
Condo/Coop
2 beds 2 baths 962 sq.ft.
CAP RATE Trad. 3.78% Airbnb 4.57%
Investment Properties for Sale
$299,900
MLS 1946056
Kids Creek
Condo/Coop
2 beds 2 baths 1,282 sq.ft.
CAP RATE Trad. 4.70% Airbnb 4.31%
Investment Properties for Sale
$175,000
MLS 1946856
Traverse Heights
Condo/Coop
2 beds 1 baths 734 sq.ft.
CAP RATE Trad. 5.65% Airbnb 4.23%
Investment Properties for Sale
$439,990
MLS 1944526
Kids Creek
Condo/Coop
3 beds 3 baths 1,626 sq.ft.
CAP RATE Trad. 5.05% Airbnb 4.06%
Investment Properties for Sale
$409,500
MLS 1944134
Kids Creek
Condo/Coop
3 beds 2 baths 1,360 sq.ft.
CAP RATE Trad. 3.60% Airbnb 3.39%
Investment Properties for Sale
$217,500
MLS 1945915
Traverse Heights
Condo/Coop
2 beds 1 baths 757 sq.ft.
CAP RATE Trad. 4.61% Airbnb 3.31%

Townhouses for Sale in TRAVERSE CITY, MI

Investment Properties for Sale
$250,000
MLS 1945991
Traverse Heights
Townhouse
3 beds 2 baths 1,334 sq.ft.
CAP RATE Trad. 6.28% Airbnb 4.65%
Investment Properties for Sale
$390,000
MLS 1943860
Kids Creek
Townhouse
3 beds 2 baths 1,738 sq.ft.
CAP RATE Trad. 3.26% Airbnb 3.18%
Investment Properties for Sale
$354,900
MLS 1946781
Traverse Heights
Townhouse
3 beds 3 baths 1,800 sq.ft.
CAP RATE Trad. 5.60% Airbnb 2.71%
Investment Properties for Sale
$359,900
MLS 1945436
Traverse Heights
Townhouse
3 beds 4 baths 1,744 sq.ft.
CAP RATE Trad. 7.37% Airbnb 2.55%
Investment Properties for Sale
$220,000
MLS 1945892
Traverse Heights
Townhouse
2 beds 1 baths 960 sq.ft.
CAP RATE Trad. 4.33% Airbnb 2.17%
Investment Properties for Sale
$299,000
MLS 1947365
Traverse Heights
Townhouse
2 beds 3 baths 1,362 sq.ft.
CAP RATE Trad. 6.58% Airbnb 1.87%
Investment Properties for Sale
$299,000
MLS 1947679
Traverse Heights
Townhouse
2 beds 3 baths 1,362 sq.ft.
CAP RATE Trad. 4.28% Airbnb 1.87%
Investment Properties for Sale
$399,900
MLS 1944038
Boardman
Townhouse
2 beds 2 baths 1,056 sq.ft.
CAP RATE Trad. 4.47% Airbnb 1.78%

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Airbnb Vacation Rentals in TRAVERSE CITY, MI

Historic Suite
$244 per night Airbnb occupancy rate 35%
Loft 1 · 1 · 3
Rental Income: $2,562 per month
4.95
795
Downtown Traverse City Studio Apartment (unit B)
$97 per night Airbnb occupancy rate 34%
Loft 1 · 0 · 2
Rental Income: $994 per month
4.9
687
Downtown Traverse City 1-Bedroom APT (unit D)
$106 per night Airbnb occupancy rate 28%
Apartment 1 · 0 · 3
Rental Income: $919 per month
4.91
597
Downtown Traverse City 1-Bedroom APT (unit G)
$115 per night Airbnb occupancy rate 26%
Apartment 1 · 0 · 3
Rental Income: $910 per month
4.94
559
Historic Condo
$206 per night Airbnb occupancy rate 40%
Condominium 1 · 0 · 4
Rental Income: $2,524 per month
4.94
557
Modern, newer TC condo, 5 minute walk to downtown
$170 per night Airbnb occupancy rate 26%
Condominium 1 · 0 · 4
Rental Income: $1,360 per month
4.99
544
Downtown Traverse City 1-Bedroom APT (unit F)
$121 per night Airbnb occupancy rate 30%
Apartment 1 · 1 · 2
Rental Income: $1,089 per month
4.92
542
5* Chic  Retreat: 1-Bed Loft Steps from TC's Heart
$234 per night Airbnb occupancy rate 30%
Loft 1 · 0 · 4
Rental Income: $2,145 per month
4.98
535

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Redford $169,000 6% 1% $1,355 $1,090 125 19%
Lincoln Park $165,000 6% 2% $1,389 $1,217 112 28%
View all michigan cities

Vacation Rentals for Sale in michigan

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