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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Applegate, MI

$ 125,000
ROI
38.5
Cash Flow/m
652- 2 Bed
- 2 Bath
- 1000 sft
3610 Marlette Rd, Applegate, MI, 48401

Airbnb Potential
$ 120,000
ROI
23.3
Cash Flow/m
119- 2 Bed
- 1 Bath
- 720 sft
7171 Suerwier Rd, Applegate, MI, 48401

$ 105,900
ROI
23.9
Cash Flow/m
122- 4 Bed
- 1 Bath
- 1156 sft
2400 S Sherman Rd, Applegate, MI, 48401

$ 169,000
ROI
37.7
Cash Flow/m
845- - Bed
- - Bath
- - sft
0 Harneck Rd, Applegate, MI, 48401
Why Invest in Applegate, Michigan?
Investing in Applegate, MI under $200k offers a unique opportunity to capitalize on affordable properties with promising returns. The area boasts an average ROI of 7%, supported by a rental yield of 6% and a cap rate near 5%. Average cash flow remains positive, reflecting solid rental demand with an average rent of $850. Appreciation rates around 2.5% indicate stable growth prospects in this Michigan locale.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Under $200k, investors can typically find single-family homes and small multi-family units suitable for rental. These properties offer affordable entry points into the real estate market with potential for steady cash flow.
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