Condo Investment Properties for Sale in Manistee, MI
$ 380,000
ROI
20.7
Cash Flow/m
100- 2 Bed
- 3 Bath
- 1853 sft
1968 Pine Ridge Dr, Manistee, MI, 49660
$ 379,000
ROI
20.8Cash Flow/m
110- 3 Bed
- 3 Bath
- 1946 sft
1969 Pine Ridge Dr, Manistee, MI, 49660
$ 394,500
ROI
20.0Cash Flow/m
32- 3 Bed
- 3 Bath
- 2212 sft
1774 Pine Ridge Dr, Manistee, MI, 49660
$ 425,000
ROI
20.3Cash Flow/m
63- 2 Bed
- 3 Bath
- 1476 sft
171 Joslin Cove Dr, Manistee, MI, 49660
Why Invest in Manistee, Michigan?
Investing in condos in Manistee, MI offers a unique opportunity in a growing market. The area shows an average ROI of 7%, with rental yields around 8% making condos attractive to investors. Cap rates remain healthy at 6%, reflecting good cash flow potential. Appreciation rates near 4% annually support long-term asset growth, while renter occupancy is steady at 70%. These factors combined make Manistee condos an appealing addition to real estate portfolios.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$650/mo
Avg. Cash Flow
$900/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Manistee is approximately 8%, making it a favorable market for rental income investors.
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