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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Grand Marais, MI
$ 170,000
ROI
23.3
Cash Flow/m
165- 1 Bed
- 1 Bath
- 680 sft
22252 E Webb Rd, Grand Marais, MI, 49839
$ 185,000
ROI
20.3Cash Flow/m
27- 1 Bed
- - Bath
- 576 sft
0 E Sigan Camp Rd, Grand Marais, MI, 49839
Fix & Flip
$ 199,000
ROI
23.0Cash Flow/m
182- 2 Bed
- 1 Bath
- 862 sft
22019 E Everett Ave, Grand Marais, MI, 49839
$ 269,000
ROI
25.5Cash Flow/m
430- 3 Bed
- 1 Bath
- 1128 sft
14228 N Edward St, Grand Marais, MI, 49839
Why Invest in Grand Marais, Michigan?
Investing in Grand Marais, MI offers a unique opportunity for real estate investors seeking a small-town market with steady growth. The local rental market shows an average rental yield of 6.5%, supported by a modest cap rate around 5.2%. Appreciation rates have remained stable at approximately 2.8% annually. Investors can expect an average cash flow of $450 per rental unit, with a renter-occupied rate of 42%, indicating active demand in this scenic lakeside community.
7.5%
Avg. ROI
6.5%
Rental Yield
5.2%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.8%
1Y Appreciation
Frequently Asked Questions
The average ROI for real estate investments in Grand Marais is approximately 7.5%, reflecting steady rental demand and modest property appreciation.
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