Under $200K Investment Properties for Sale in Houghton, MI

Investing in Houghton, MI properties under $200k offers a unique opportunity to tap into a stable rental market supported by the local university and tech employers. The area boasts an average ROI of 7%, with rental yields around 8%, reflecting strong demand among renters. Cap rates near 6% and average cash flow of $250 per unit indicate solid income potential. With average rents at $900 and an annual appreciation of 2%, investors can expect steady growth. Approximately 60% of housing is renter-occupied, underscoring consistent tenant interest.