Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Bois Blanc Island, MI
$ 164,900
ROI
24.2
Cash Flow/m
204- 3 Bed
- 1 Bath
- 720 sft
3208 Lime Kiln Point Rd, Bois Blanc Island, MI, 49775
$ 119,000
ROI
53.5Cash Flow/m
1118- - Bed
- - Bath
- - sft
1372 E Huron Dr, Bois Blanc Island, MI, 49775
$ 149,000
ROI
33.2Cash Flow/m
556- 2 Bed
- 1 Bath
- 660 sft
195 Rocky Rd, Bois Blanc Island, MI, 49775
$ 130,000
ROI
25.4Cash Flow/m
202- 1 Bed
- 1 Bath
- 500 sft
1145 Dorothy Ave, Bois Blanc Island, MI, 49775
Why Invest in Bois Blanc Island, Michigan?
Investing in Bois Blanc Island, MI properties under $200k offers unique opportunities for affordable real estate in a peaceful setting. The area shows a steady average ROI of around 6% with rental yields near 7%, capturing demand from seasonal visitors and local renters. With capital appreciation at 2%, investors can enjoy moderate growth alongside a typical cap rate of 5%. The average rent remains accessible, promoting stable cash flow in this niche market.
6%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$500/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Most properties under $200k are single-family homes, cottages, or small cabins. These often appeal to seasonal renters or those seeking affordable waterfront or island living options.
Find Your Perfect Investment Property in Bois Blanc Island, Michigan
Explore investment opportunities by strategy, performance, or property type
