Under $300K Investment Properties for Sale in Luna Pier, MI
Airbnb Potential
$ 164,900
ROI
27.9
Cash Flow/m
374- 3 Bed
- 1 Bath
- 1142 sft
4344 S 2nd St, Luna Pier, MI, 48157
$ 221,000
ROI
21.5Cash Flow/m
110- 2 Bed
- 2 Bath
- 1008 sft
318 Beachwalk Trl, Luna Pier, MI, 48157
$ 230,000
ROI
21.1Cash Flow/m
89- 3 Bed
- 2 Bath
- 1020 sft
4611 N 3rd St, Luna Pier, MI, 48157
$ 199,900
ROI
21.0Cash Flow/m
67- 2 Bed
- 2 Bath
- 1008 sft
304 Beachwalk Trail Dr, Luna Pier, MI, 48157
Why Invest in Luna Pier, Michigan?
Investing in Luna Pier, MI, with properties under $300k presents a solid opportunity to enter a market with rising rental demand and affordable housing. The average rental yield of 7.2% and a cap rate near 6.5% indicate healthy returns. This area benefits from steady appreciation rates around 3.1% and a strong renter-occupied housing rate of 58%. The average cash flow for rental properties is favorable, making it attractive for steady income-oriented investors.
8%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$550/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Luna Pier is approximately 7.2%, offering a solid return for investors focused on cash flow.
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