Under $200K Investment Properties for Sale in Drummond Island, MI
565- 3 Bed
- 1 Bath
- 1800 sft
1606- - Bed
- 1 Bath
- - sft
1539- 4 Bed
- 2 Bath
- 2400 sft
550- 3 Bed
- 2 Bath
- 1398 sft
Why Invest in Drummond Island, Michigan?
Investing in properties under $200k on Drummond Island, MI offers a unique opportunity for affordable entry into a stable market. The area provides an average ROI of 7.2% with a rental yield of 8.5%, supported by a steady renter-occupied rate of 60%. Cap rates are strong at 6.3%, indicating healthy investment potential. Average cash flow is positive at $280/month, while appreciation remains moderate at 2.5% annually. This makes Drummond Island attractive for investors seeking cost-effective real estate with consistent returns.
Frequently Asked Questions
Properties under $200k typically include small single-family homes and cabins popular for seasonal rentals or retirees looking for affordability in this scenic location.
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