Under $300K Investment Properties for Sale in Mackinac Island, MI
321- - Bed
- 1 Bath
- - sft
263- - Bed
- 1 Bath
- - sft
784- - Bed
- 1 Bath
- - sft
115- 2 Bed
- 1 Bath
- 1930 sft
109- 3 Bed
- 2 Bath
- 1296 sft
143- 3 Bed
- 1 Bath
- 1000 sft
145- 2 Bed
- 1 Bath
- 720 sft
128- 3 Bed
- 1 Bath
- 1485 sft
141- 2 Bed
- 1 Bath
- 1080 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
140- 2 Bed
- 1 Bath
- 804 sft
141- 3 Bed
- 1 Bath
- 1208 sft
91- 2 Bed
- 1 Bath
- 778 sft
134- - Bed
- - Bath
- - sft
- 1 Bed
- 1 Bath
- 793 sft
326- 2 Bed
- 2 Bath
- - sft
130- 2 Bed
- 1 Bath
- 696 sft
117- 3 Bed
- 1 Bath
- 960 sft
- 1 Bed
- 1 Bath
- 596 sft
144- 2 Bed
- 1 Bath
- 874 sft
123- 2 Bed
- 2 Bath
- 969 sft
135- 2 Bed
- 1 Bath
- 1031 sft
98- 2 Bed
- 1 Bath
- 1040 sft
122- - Bed
- - Bath
- 1296 sft
-- 3 Bed
- 2 Bath
- 1056 sft
139- 3 Bed
- 1 Bath
- 929 sft
Why Invest in Mackinac Island, Michigan?
Investing in Mackinac Island, MI, under $300k offers unique opportunities in a niche market driven by tourism and seasonal demand. This location features an average ROI of 6.5%, with rental yields around 7%, making it attractive for investors seeking stable cash flow. Properties under $300k here generally exhibit a cap rate of 5.8%, with average monthly rents near $1,200. Appreciation rates remain steady at 3% annually, supported by a high renter-occupied rate of 65%. This combination ensures balanced returns alongside consistent tourism-driven demand.
Frequently Asked Questions
Yes, properties under $300k on Mackinac Island provide solid rental yields around 7% and steady appreciation, supported by consistent tourism. The unique market dynamics make it a profitable niche for investors.
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