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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Manistee, MI
$ 375,000
ROI
21.8
Cash Flow/m
217- 2 Bed
- 3 Bath
- 1332 sft
201 Joslin Cove Dr, Manistee, MI, 49660
$ 369,000
ROI
26.2Cash Flow/m
661- 3 Bed
- 3 Bath
- 2162 sft
1972 Pine Ridge Dr, Manistee, MI, 49660
$ 469,900
ROI
20.7Cash Flow/m
121- 2 Bed
- 3 Bath
- 1840 sft
84 Charter Ct, Manistee, MI, 49660
$ 380,000
ROI
30.5Cash Flow/m
1133- 3 Bed
- 3 Bath
- 2424 sft
1828 Pine Ridge 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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