Under $500K 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
$ 219,900
ROI
19.8Cash Flow/m
2- 3 Bed
- 2 Bath
- 1600 sft
8379 Merrimon Ct, 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
$ 214,900
ROI
22.0Cash Flow/m
132- 3 Bed
- 2 Bath
- 1600 sft
The Odyssey Plan, Northen Michigan New Construction, Mancelona, MI, 49659
Why Invest in Mancelona, Michigan?
Investing in properties under $500k in Mancelona, MI offers a unique opportunity to tap into a growing local market with solid rental yields and a stable cash flow. The area shows an average ROI of 7.5%, with rental yields around 8%, supported by a cap rate of 6.2%. Appreciation rates are moderate at 3.1%, reflecting steady demand and a renter occupancy rate of approximately 65%. These factors make Mancelona a promising location for real estate investment within this price range.
7.5%
Avg. ROI
8%
Rental Yield
6.2%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Mancelona is around 8%, supported by steady rental demand and moderate vacancy rates.
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