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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Kalkaska, MI
Fix & Flip
Listed for sale 1 day ago
$ 159,900
ROI
24.9
Cash Flow/m
231- 2 Bed
- 1 Bath
- 1254 sft
3035 Lincoln Dr NE, Kalkaska, MI, 49646
Fix & Flip
Listed for sale 2 days ago
$ 130,000
ROI
23.6Cash Flow/m
138- 1 Bed
- 2 Bath
- 1038 sft
230 E Bear Lake Rd NE, Kalkaska, MI, 49646
Listed for sale 2 days ago
$ 149,900
ROI
28.1Cash Flow/m
347- 1 Bed
- 1 Bath
- 1050 sft
227 Spruce St, Kalkaska, MI, 49646
Listed for sale 5 days ago
$ 118,000
ROI
23.9Cash Flow/m
136- 2 Bed
- 2 Bath
- - sft
4205 Beebe Rd, Kalkaska, MI, 49646
Why Invest in Kalkaska, Michigan?
Investing in under $200k properties in Kalkaska, MI offers a unique opportunity for affordable real estate with promising returns. The area boasts steady rental yields and cap rates competitive for Michigan, alongside average cash flow benefiting local investors. Kalkaska's appreciation rate, though modest, complements the above-average renter occupancy, making it appealing for long-term investment. Economic stability and growing job opportunities support ongoing demand for rentals in this locale.
7.5%
Avg. ROI
8.2%
Rental Yield
7%
Cap Rate
$650/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for under $200k properties in Kalkaska is approximately 8.2%, making it a competitive market for investors seeking rental income.
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