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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Luna Pier, MI
$ 199,900
ROI
24.3
Cash Flow/m
250- 2 Bed
- 2 Bath
- 1008 sft
803 Catalina Cv, Luna Pier, MI, 48157
$ 212,000
ROI
21.1Cash Flow/m
81- 2 Bed
- 2 Bath
- 1008 sft
216 Beachwalk Trl, Luna Pier, MI, 48157
Airbnb Potential
$ 174,900
ROI
24.3Cash 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
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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