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

$ 190,000
ROI
28.5
Cash Flow/m
459- 2 Bed
- 1 Bath
- 854 sft
146 Virginia St, Carleton, MI, 48117

$ 184,900
ROI
29.6
Cash Flow/m
507- 2 Bed
- 1 Bath
- 960 sft
12259 Eldora St, Carleton, MI, 48117

$ 159,900
ROI
24.7
Cash Flow/m
220- 3 Bed
- 2 Bath
- 1568 sft
3656 McIntosh Ln, Carleton, MI, 48117

$ 155,000
ROI
62.0
Cash Flow/m
1820- 3 Bed
- 2 Bath
- 2064 sft
9800 S Stoney Creek Rd, Carleton, MI, 48117
Why Invest in Carleton, Michigan?
Investing in Carleton, MI properties under $200k offers an affordable entry into Michigan's growing real estate market. The area shows an average ROI of 6.1%, supported by a rental yield of 7.3% and cap rates around 5.2%. Investors can expect steady cash flow averaging $950 monthly, with appreciation rates near 3.2%. The renter-occupied rate of 38% highlights a healthy demand for rentals in this community.
6.1%
Avg. ROI
7.3%
Rental Yield
5.2%
Cap Rate
$950/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Carleton primarily include single-family homes and small multi-family units. These options cater to investors looking for affordable entry points with solid rental demand.
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