Under $300K Investment Properties for Sale in Manchester, MI
$ 279,000
ROI
31.9
Cash Flow/m
943- 3 Bed
- 2 Bath
- 1414 sft
826 E Vernon St, Manchester, MI, 48158
$ 299,900
ROI
21.1Cash Flow/m
116- 3 Bed
- 2 Bath
- 1766 sft
717 Granger St, Manchester, MI, 48158
$ 225,000
ROI
20.9Cash Flow/m
68- 3 Bed
- 2 Bath
- 1392 sft
507 Furnace St, Manchester, MI, 48158
$ 220,000
ROI
20.6Cash Flow/m
52- 2 Bed
- 2 Bath
- 1192 sft
115 Beaufort St, Manchester, MI, 48158
Why Invest in Manchester, Michigan?
Investing in Manchester, MI, especially properties under $300k, offers an affordable entry into a growing market with solid rental demand. The area's average rental yield is attractive at around 7%, complemented by an average cash flow of $250 monthly. Investors benefit from a cap rate near 6%, balanced by an average annual appreciation of 3%. With a renter-occupied rate of 40%, Manchester presents a stable tenant base and promising ROI prospects.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Manchester is approximately 7%, making it a favorable market for investors seeking steady income.
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