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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mackinac Island, MI
$ 189,500
ROI
25.9
Cash Flow/m
321- - Bed
- 1 Bath
- - sft
21 Pine Cove Ln, Mackinac island, MI, 49757
$ 169,000
ROI
25.4Cash Flow/m
263- - Bed
- 1 Bath
- - sft
2 Cedar Point Ln, Mackinac Island, MI, 49757
or
Here are some other similar properties you might be interested in:
Listed for sale 6 days ago
$ 100,000
ROI
23.9Cash Flow/m
115- 2 Bed
- 1 Bath
- 1930 sft
16076 Ellsworth St, Detroit, MI, 48227
Fix & Flip
Listed for sale 5 days ago
$ 100,000
ROI
23.7Cash Flow/m
109- 3 Bed
- 2 Bath
- 1296 sft
516 Morrison Ave, Bangor, MI, 49013
Listed for sale 6 days ago
$ 100,000
ROI
24.9Cash Flow/m
143- 3 Bed
- 1 Bath
- 1000 sft
4970 Center St, Fairgrove, MI, 48733
Listed for sale 7 days ago
$ 100,000
ROI
25.0Cash Flow/m
145- 2 Bed
- 1 Bath
- 720 sft
240 25th St N, Springfield, MI, 49037
Fix & Flip
Rental Income
Listed for sale 7 days ago
$ 100,000
ROI
24.3Cash Flow/m
128- 3 Bed
- 1 Bath
- 1485 sft
51 Beckwith Dr, Galesburg, MI, 49053
Listed for sale 7 days ago
$ 100,000
ROI
24.8Cash Flow/m
141- 2 Bed
- 1 Bath
- 1080 sft
26396 Pennie St, Dearborn Heights, MI, 48125
$ 100,000
ROI
4.8Gross Rent Yield
9.3- 3 Bed
- 2 Bath
- 1244 sft
7298 Oak Brook Cir, Portage, MI, 49002
$ 100,000
ROI
24.4Cash Flow/m
129- 2 Bed
- 1 Bath
- 1320 sft
218 S Cherry St, Flushing, MI, 48433
$ 100,000
ROI
24.8Cash Flow/m
140- 2 Bed
- 1 Bath
- 804 sft
2720 Worden St, Norton Shores, MI, 49444
Currently Rented
Rental Income
$ 100,000
ROI
24.8Cash Flow/m
141- 3 Bed
- 1 Bath
- 1208 sft
2118 7th St, Muskegon Heights, MI, 49444
$ 100,000
ROI
23.0Cash Flow/m
91- 2 Bed
- 1 Bath
- 778 sft
22778 Tuscany Ave, Eastpointe, MI, 48021
$ 100,000
ROI
24.6Cash Flow/m
134- - Bed
- - Bath
- - sft
11496 Lakeview Ave NE, Kalkaska, MI, 49646
$ 100,000
ROI
5.6Gross Rent Yield
9.2- 1 Bed
- 1 Bath
- 793 sft
5299 Highland Rd Unit 202, Waterford, MI, 48327
Currently Rented
$ 100,000
ROI
31.5Cash Flow/m
326- 2 Bed
- 2 Bath
- - sft
145 Isbell St, Lansing, MI, 48910
$ 100,000
ROI
24.4Cash Flow/m
130- 2 Bed
- 1 Bath
- 696 sft
12832 Sherman Ave, Warren, MI, 48089
$ 100,000
ROI
24.0Cash Flow/m
117- 3 Bed
- 1 Bath
- 960 sft
26304 Barnes St, Roseville, MI, 48066
$ 100,000
ROI
15.5Gross Rent Yield
9.2- 1 Bed
- 1 Bath
- 596 sft
631 Blue Ash Dr SE, Kentwood, MI, 49548
$ 100,000
ROI
24.9Cash Flow/m
144- 2 Bed
- 1 Bath
- 874 sft
102 Yale St, Battle Creek, MI, 49017
$ 100,000
ROI
24.2Cash Flow/m
123- 2 Bed
- 2 Bath
- 969 sft
1724 Newberry St, Saginaw, MI, 48602
$ 100,000
ROI
24.6Cash Flow/m
135- 2 Bed
- 1 Bath
- 1031 sft
205 Park St, Grayling, MI, 49738
$ 100,000
ROI
23.3Cash Flow/m
98- 2 Bed
- 1 Bath
- 1040 sft
2166 Edgewater St, Monroe, MI, 48162
Fix & Flip
$ 100,000
ROI
24.1Cash Flow/m
122- - Bed
- - Bath
- 1296 sft
3008 N Amber Rd, Scottville, MI, 49454
$ 100,000
ROI
-Cash Flow/m
-- 3 Bed
- 2 Bath
- 1056 sft
4743 Quebec Ave SW, Wyoming, MI, 49519
Currently Rented
Rental Income
$ 100,000
ROI
24.7Cash Flow/m
139- 3 Bed
- 1 Bath
- 929 sft
20158 Riopelle St, Highland Park, MI, 48203
Why Invest in Mackinac Island, Michigan?
Investing in Mackinac Island, MI, especially properties under $200k, offers a unique opportunity in a vibrant tourist-driven economy. The island's rental market shows an average cap rate of 6.5%, with steady appreciation of around 3% annually. Rental yields remain attractive at approximately 7%, catering to seasonal vacation rentals. Cash flow is healthy, averaging $1,200 per month, supported by a high renter occupancy rate of 75%. These metrics suggest solid returns for investors focusing on affordable entry points.
7%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $200k on Mackinac Island typically yield an average ROI of around 7%, supported by strong rental demand and steady appreciation.
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