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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Luna Pier, MI
Airbnb Potential
$ 174,900
ROI
24.3
Cash Flow/m
223- 5 Bed
- 2 Bath
- 1814 sft
4341 S 8th St, Luna Pier, MI, 48157
$ 194,900
ROI
24.1Cash Flow/m
238- 2 Bed
- 2 Bath
- 1008 sft
414 Beachwalk Trail Dr, Luna Pier, MI, 48157
$ 150,000
ROI
41.9Cash Flow/m
926- 3 Bed
- 2 Bath
- 1488 sft
10620 Harold Dr, Luna Pier, MI, 48157
$ 199,900
ROI
22.4Cash Flow/m
146- 2 Bed
- 2 Bath
- 1008 sft
206 Beachwalk Trl, Luna Pier, MI, 48157
Why Invest in Luna Pier, Michigan?
Investing in Luna Pier, MI under $200k properties offers a rare opportunity to enter an affordable market with solid returns. This lakeside city attracts renters with an average rental yield of 7.2%, a cap rate of 6.8%, and steady appreciation around 3.1% annually. Average cash flow remains positive, supported by reasonable average rents near $950. The renter-occupied rate of 65% reinforces demand, making it ideal for investors seeking steady income and growth in Michigan’s quieter communities.
8%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$550/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
In Luna Pier, under $200k properties typically include single-family homes and smaller multi-unit buildings. These offer good rental potential with manageable upkeep costs.
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