Under $200K Investment Properties for Sale in Grand Marais, MI
165- 1 Bed
- 1 Bath
- 680 sft
27- 1 Bed
- - Bath
- 576 sft
182- 2 Bed
- 1 Bath
- 862 sft
137- 3 Bed
- 1 Bath
- 1718 sft
-- 3 Bed
- 2 Bath
- 1200 sft
129- 3 Bed
- 1 Bath
- 1210 sft
102- 3 Bed
- 2 Bath
- 1008 sft
119- 2 Bed
- 1 Bath
- 1336 sft
127- 3 Bed
- 1 Bath
- 860 sft
128- 3 Bed
- 1 Bath
- 1043 sft
125- 2 Bed
- 1 Bath
- 1100 sft
104- 2 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 882 sft
-- 1 Bed
- 1 Bath
- 384 sft
140- 3 Bed
- 2 Bath
- 1344 sft
117- 4 Bed
- 2 Bath
- 1188 sft
127- 2 Bed
- 1 Bath
- 1129 sft
117- 3 Bed
- 1 Bath
- 1270 sft
102- 3 Bed
- 1 Bath
- - sft
104- 3 Bed
- 1 Bath
- 960 sft
- 3 Bed
- 2 Bath
- 1248 sft
- 1 Bed
- 1 Bath
- 707 sft
94- 2 Bed
- 2 Bath
- 896 sft
118- 3 Bed
- 2 Bath
- 1360 sft
99- 2 Bed
- 1 Bath
- 804 sft
112- 2 Bed
- 1 Bath
- 780 sft
124- 2 Bed
- 1 Bath
- 660 sft
Why Invest in Grand Marais, Michigan?
Investing in Grand Marais, MI properties under $200k offers a unique opportunity to enter a growing market with stable rental demand. This city boasts an average ROI of 7.2% and a rental yield of 6.5%, making it attractive for investors seeking steady cash flow. The cap rate sits around 6.8%, with average monthly rents providing solid income potential. Appreciation rates are moderate but positive, reflecting steady real estate growth. Renter occupancy remains strong, indicating a healthy investor environment.
Frequently Asked Questions
Properties under $200K in Grand Marais mostly include single-family homes, small multi-family units, and condominiums. These are ideal for investors looking for affordable entry points with good rental potential.
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