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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Manistee, MI
Fix & Flip
$ 183,000
ROI
41.3
Cash Flow/m
1096- 3 Bed
- 2 Bath
- 1370 sft
1557 Ivy Ln, Manistee, MI, 49660
Fix & Flip
$ 231,100
ROI
35.2Cash Flow/m
992- 3 Bed
- 2 Bath
- 1500 sft
2672 Wildwood Rd, Manistee, MI, 49660
Fix & Flip
$ 118,000
ROI
24.0Cash Flow/m
141- 3 Bed
- 1 Bath
- 2200 sft
217 10th St, Manistee, MI, 49660
Fix & Flip
Rental Income
$ 110,000
ROI
23.9Cash Flow/m
128- 2 Bed
- 1 Bath
- 840 sft
1824 E Parkdale Ave, Manistee, MI, 49660
Why Invest in Manistee, Michigan?
Investing in fix and flip properties in Manistee, MI offers attractive renovation opportunities in a stable market. The average ROI for fix and flip projects sits around 15%, supported by a cap rate of approximately 7%. With rising average rents near $900, investors can capitalize on favorable rental yields of about 6%. Manistee's appreciated property value growth of nearly 3% annually enhances investment prospects. The local renter-occupied rate is healthy at 58%, ensuring steady tenant demand.
15%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$600/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for fix and flip properties in Manistee is around 15%, driven by strong local property appreciation and rental demand.
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