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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Hancock, MI
Listed for sale 4 days ago
$ 147,500
ROI
23.8
Cash Flow/m
166- 2 Bed
- 1 Bath
- 575 sft
1001 Prospect St, Hancock, MI, 49930
$ 185,000
ROI
27.4Cash Flow/m
395- 3 Bed
- 1 Bath
- 1466 sft
1105 Cottage Row, Hancock, MI, 49930
$ 239,000
ROI
27.0Cash Flow/m
478- 3 Bed
- 2 Bath
- 1152 sft
2121 Jasberg St, Hancock, MI, 49930
$ 186,900
ROI
27.6Cash Flow/m
410- 3 Bed
- 1 Bath
- 1356 sft
1115 Summit St, Hancock, MI, 49930
Why Invest in Hancock, Michigan?
Investing in Hancock, MI properties under $300k offers a unique opportunity to tap into a market with solid rental yields and steady appreciation. This city presents an average ROI of 7%, supported by a rental yield of 8% and a cap rate of 6%. Investors can expect average cash flow of around $350 monthly, driven by an average rent of $850. Renter-occupied units dominate, making rental investments viable in this affordable market.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average ROI for these properties is around 7%, reflecting solid performance driven by rental income and appreciation.
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