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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Mancelona, MI
Listed for sale 3 days ago
$ 320,000
ROI
29.6
Cash Flow/m
878- 3 Bed
- 2 Bath
- 2408 sft
8424 Pineview Dr, Mancelona, MI, 49659
Listed for sale 5 days ago
$ 309,900
ROI
21.0Cash Flow/m
107- 2 Bed
- 2 Bath
- 1780 sft
7939 County Road 571 NE, Mancelona, MI, 49659
$ 174,999
ROI
23.4Cash Flow/m
179- 3 Bed
- 1 Bath
- 1060 sft
3785 Westwood Rd NE, Mancelona, MI, 49659
$ 319,900
ROI
24.9Cash Flow/m
453- 3 Bed
- 2 Bath
- 1997 sft
6514 Wilderness Dr, 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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