Traverse City Investment Analysis

Investment Property in Traverse City, MI

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Traverse City, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 450,000

Median

1,871

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

333

Investment

1,653

Airbnb

49

Traditional

52%

Airbnb occupancy rate

Traverse City, MI Properties Rental Prices

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Investment Properties for Sale in Traverse City, MI

Investment Properties for Sale
$240,000
MLS 1930382
Traverse Heights
Single Family Residential
2 beds 1 baths 798 sq.ft.
CAP RATE Trad. 5.86% Airbnb 10.12%
Investment Properties for Sale
$219,500
MLS 80051683
Traverse Heights
Condo/Coop
2 beds 1 baths 960 sq.ft.
CAP RATE Trad. 3.68% Airbnb 10.12%
Investment Properties for Sale
$235,000
MLS 1929827
Traverse Heights
Condo/Coop
3 beds 2 baths 1,552 sq.ft.
CAP RATE Trad. 7.96% Airbnb 9.92%
Investment Properties for Sale
$259,000
MLS 1930280
Boardman
Condo/Coop
2 beds 1 baths 772 sq.ft.
CAP RATE Trad. 4.88% Airbnb 9.87%
Investment Properties for Sale
$379,900
MLS 1927454
Slab Town
Single Family Residential
3 beds 1 baths 1,086 sq.ft.
CAP RATE Trad. 0.66% Airbnb 9.77%
Investment Properties for Sale
$399,000
MLS 1925786
Slab Town
Single Family Residential
4 beds 2 baths 1,785 sq.ft.
CAP RATE Trad. 3.58% Airbnb 9.76%
Investment Properties for Sale
$319,900
MLS 1926543
Kids Creek
Single Family Residential
3 beds 1 baths 880 sq.ft.
CAP RATE Trad. 3.06% Airbnb 9.53%
Investment Properties for Sale
$394,800
MLS 1928774
Central
Single Family Residential
3 beds 2 baths 1,321 sq.ft.
CAP RATE Trad. 2.51% Airbnb 9.48%

Single Family Houses for Sale in Traverse City, MI

Investment Properties for Sale
$240,000
MLS 1930382
Traverse Heights
Single Family Residential
2 beds 1 baths 798 sq.ft.
CAP RATE Trad. 5.86% Airbnb 10.12%
Investment Properties for Sale
$379,900
MLS 1927454
Slab Town
Single Family Residential
3 beds 1 baths 1,086 sq.ft.
CAP RATE Trad. 0.66% Airbnb 9.77%
Investment Properties for Sale
$399,000
MLS 1925786
Slab Town
Single Family Residential
4 beds 2 baths 1,785 sq.ft.
CAP RATE Trad. 3.58% Airbnb 9.76%
Investment Properties for Sale
$319,900
MLS 1926543
Kids Creek
Single Family Residential
3 beds 1 baths 880 sq.ft.
CAP RATE Trad. 3.06% Airbnb 9.53%
Investment Properties for Sale
$394,800
MLS 1928774
Central
Single Family Residential
3 beds 2 baths 1,321 sq.ft.
CAP RATE Trad. 2.51% Airbnb 9.48%
Investment Properties for Sale
$249,900
MLS 1929749
Traverse Heights
Single Family Residential
3 beds 3 baths 1,148 sq.ft.
CAP RATE Trad. 7.72% Airbnb 9.26%
Investment Properties for Sale
$299,000
MLS 1926996
Oak Park
Single Family Residential
2 beds 1 baths 1,014 sq.ft.
CAP RATE Trad. 2.54% Airbnb 9.02%
Investment Properties for Sale
$290,900
MLS 1919556
Oak Park
Single Family Residential
2 beds 2 baths 1,404 sq.ft.
CAP RATE Trad. 4.97% Airbnb 8.99%

Condos for Sale in Traverse City, MI

Investment Properties for Sale
$219,500
MLS 80051683
Traverse Heights
Condo/Coop
2 beds 1 baths 960 sq.ft.
CAP RATE Trad. 3.68% Airbnb 10.12%
Investment Properties for Sale
$235,000
MLS 1929827
Traverse Heights
Condo/Coop
3 beds 2 baths 1,552 sq.ft.
CAP RATE Trad. 7.96% Airbnb 9.92%
Investment Properties for Sale
$259,000
MLS 1930280
Boardman
Condo/Coop
2 beds 1 baths 772 sq.ft.
CAP RATE Trad. 4.88% Airbnb 9.87%
Investment Properties for Sale
$189,000
MLS 1930131
Traverse Heights
Condo/Coop
1 beds 1 baths 545 sq.ft.
CAP RATE Trad. 3.44% Airbnb 9.60%
Investment Properties for Sale
$289,900
MLS 1924782
Oak Park
Condo/Coop
2 beds 2 baths 960 sq.ft.
CAP RATE Trad. 4.55% Airbnb 9.02%
Investment Properties for Sale
$725,000
MLS 1928768
Kids Creek
Condo/Coop
4 beds 3 baths 2,819 sq.ft.
CAP RATE Trad. 2.68% Airbnb 8.93%
Investment Properties for Sale
$314,900
MLS 78080053660
Old Towne
Condo/Coop
2 beds 2 baths 1,008 sq.ft.
CAP RATE Trad. 3.83% Airbnb 8.96%
Investment Properties for Sale
$299,900
MLS 1925339
Oak Park
Condo/Coop
2 beds 2 baths 960 sq.ft.
CAP RATE Trad. 4.31% Airbnb 8.64%

Top Traverse City, MI Neighborhoods - Real Estate Market Analysis

Kids Creek
PROPERTY PRICE

$429,000

Median for city
CAP RATE

2.96%

Traditional

6.20%

Airbnb
RENTAL INCOME

$ 2,018

Traditional

$ 3,177

Airbnb

43%

Airbnb occupancy rate
Traverse Heights
PROPERTY PRICE

$429,000

Median for city
CAP RATE

3.28%

Traditional

6.72%

Airbnb
RENTAL INCOME

$ 2,102

Traditional

$ 3,491

Airbnb

40%

Airbnb occupancy rate
Old Towne
PROPERTY PRICE

$429,000

Median for city
CAP RATE

1.58%

Traditional

2.91%

Airbnb
RENTAL INCOME

$ 1,912

Traditional

$ 2,980

Airbnb

41%

Airbnb occupancy rate
Slab Town
PROPERTY PRICE

$429,000

Median for city
CAP RATE

5.42%

Traditional

6.14%

Airbnb
RENTAL INCOME

$ 1,806

Traditional

$ 3,354

Airbnb

43%

Airbnb occupancy rate
Central
PROPERTY PRICE

$429,000

Median for city
CAP RATE

0.45%

Traditional

2.72%

Airbnb
RENTAL INCOME

$ 1,646

Traditional

$ 3,184

Airbnb

40%

Airbnb occupancy rate
Oak Park
PROPERTY PRICE

$429,000

Median for city
CAP RATE

2.04%

Traditional

3.33%

Airbnb
RENTAL INCOME

$ 1,917

Traditional

$ 3,491

Airbnb

40%

Airbnb occupancy rate
Downtown
PROPERTY PRICE

$429,000

Median for city
CAP RATE

2.60%

Traditional

0.65%

Airbnb
RENTAL INCOME

$ 1,743

Traditional

$ 2,896

Airbnb

41%

Airbnb occupancy rate
Boardman
PROPERTY PRICE

$429,000

Median for city
CAP RATE

-0.86%

Traditional

-0.27%

Airbnb
RENTAL INCOME

$ 1,328

Traditional

$ 2,892

Airbnb

41%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Traverse City, MI

Historic Suite
$195 per night Airbnb occupancy rate 46%
Loft 1 · 1 · 3
Rental Income: $2,714 per month
4.96
649
Nice Unit (B) downtown TC, 5min walk to Front St!
$120 per night Airbnb occupancy rate 49%
Loft 1 · 1 · 2
Rental Income: $1,800 per month
4.9
580
1BR APT (D) downtown TC, 5 min walk to beach!
$139 per night Airbnb occupancy rate 54%
Apartment 1 · 1 · 3
Rental Income: $2,305 per month
4.91
518
Whole house downtown, with kid and adult bikes
$365 per night Airbnb occupancy rate 42%
House 2 · 1.5 · 5
Rental Income: $4,684 per month
4.96
483
Stylish Condo, Walkable to Downtown, Bay & Munson
$125 per night Airbnb occupancy rate 58%
Apartment 1 · 1 · 4
Rental Income: $2,219 per month
4.96
480
1BR APT (G) downtown TC, 5 min walk to Front St!
$144 per night Airbnb occupancy rate 53%
Apartment 1 · 1 · 3
Rental Income: $2,328 per month
4.95
461
Modern, newer TC condo, 5 minute walk to downtown
$323 per night Airbnb occupancy rate 60%
Condominium 1 · 1 · 4
Rental Income: $5,922 per month
4.98
453
2BR APT (E) downtown TC, 5min walk to Front St!
$196 per night Airbnb occupancy rate 47%
Apartment 2 · 1 · 4
Rental Income: $2,809 per month
4.93
450

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 $269,500 5% 5% $2,170 $2,661 283 50%
Lincoln Park $159,900 7% 8% $1,529 $2,263 46 59%
Garden City $199,950 6% 5% $1,643 $2,053 30 59%
Walled Lake $270,000 4% 9% $2,118 $4,181 28 66%
View all michigan cities

Vacation Rentals for Sale in michigan

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