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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 properties under $500k offers promising opportunities with attractive rental yields and steady appreciation. This market features an average ROI around 7%, rental yields near 6%, and cap rates close to 5%, making it ideal for savvy investors. With rising renter occupancy rates and positive cash flow metrics, the area supports stable income streams. Local economic growth and tourism contribute to a dynamic investment landscape worth considering.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Grand Marais typically include single-family homes and small multifamily units. These options appeal to investors seeking steady rental income and potential appreciation.
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