Under $300K Investment Properties for Sale in Hancock, MI
Listed for sale 2 days ago
$ 219,000
ROI
20.4
Cash Flow/m
38- 2 Bed
- 2 Bath
- 1030 sft
21060 E 2nd St, Hancock, MI, 49930
Fix & Flip
Listed for sale 2 days ago
$ 149,000
ROI
23.7Cash Flow/m
164- 3 Bed
- 1 Bath
- 1134 sft
50151 Mine Rock Rd, Hancock, MI, 49930
Listed for sale 3 days ago
$ 139,000
ROI
24.5Cash Flow/m
181- 2 Bed
- 1 Bath
- 1339 sft
820 Summit St, Hancock, MI, 49930
$ 182,500
ROI
28.3Cash Flow/m
433- 3 Bed
- 1 Bath
- 1468 sft
803 Hancock 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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