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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
$ 174,999
ROI
23.4
Cash Flow/m
179- 3 Bed
- 1 Bath
- 1060 sft
3785 Westwood Rd NE, Mancelona, MI, 49659
$ 200,000
ROI
20.5Cash Flow/m
44- 2 Bed
- 2 Bath
- 2100 sft
8460 Covert Rd NE, Mancelona, MI, 49659
$ 144,900
ROI
30.0Cash Flow/m
414- 3 Bed
- 1 Bath
- 1235 sft
5884 Scholl Rd, Mancelona, MI, 49659
$ 119,900
ROI
23.9Cash Flow/m
137- 3 Bed
- 2 Bath
- - sft
7715 Firhaven Ct #458, 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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