Under $200K Investment Properties for Sale in Mancelona, MI
Fix & Flip
Listed for sale 6 days ago
$ 149,900
ROI
24.3
Cash Flow/m
188- 3 Bed
- 1 Bath
- 1770 sft
209 E Michigan St, Mancelona, MI, 49659
$ 199,900
ROI
24.6Cash Flow/m
271- 3 Bed
- 2 Bath
- 1173 sft
The Churchill Plan, Northen Michigan New Construction, Mancelona, MI, 49659
$ 189,000
ROI
24.5Cash Flow/m
252- 3 Bed
- 1 Bath
- 1000 sft
8522 Bocook Rd, Mancelona, MI, 49659
$ 189,900
ROI
22.7Cash Flow/m
156- 2 Bed
- 2 Bath
- 130 sft
9378 Whispering Pines Dr, Mancelona, MI, 49659
Why Invest in Mancelona, Michigan?
Investing in Mancelona, MI under $200k offers a unique opportunity to access affordable properties with solid rental yields. This city boasts an average cap rate of 7.2% and an average ROI around 7.8%, making it attractive for investors seeking steady cash flow. The average rent is approximately $850, supporting a positive cash flow of about $350 per month. With a renter-occupied rate near 40%, demand remains steady, reflecting stable local housing needs.
7.8%
Avg. ROI
9%
Rental Yield
7.2%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Mancelona typically include single-family homes and small multifamily units, offering affordable entry points for investors seeking rental income with reasonable maintenance costs.
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