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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mancelona, MI
Listed for sale 3 days ago
$ 183,000
ROI
24.3
Cash Flow/m
233- 2 Bed
- 1 Bath
- 1034 sft
5929 Skytrails Ct, Mancelona, MI, 49659
Listed for sale 5 days ago
$ 110,000
ROI
22.2Cash Flow/m
75- 3 Bed
- 2 Bath
- 1230 sft
7678 Willowbrook Cir, Mancelona, MI, 49659
$ 130,000
ROI
24.9Cash Flow/m
185- 2 Bed
- 1 Bath
- 700 sft
11903 Partridge Ln NE, Mancelona, MI, 49659
Fix & Flip
$ 199,900
ROI
24.3Cash Flow/m
253- 3 Bed
- 2 Bath
- 1188 sft
9233 Covert Rd NE, 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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