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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Manistee, MI
$ 100,000
ROI
24.3
Cash Flow/m
128- 3 Bed
- 2 Bath
- 1600 sft
157 Harrison St, Manistee, MI, 49660
$ 184,900
ROI
26.8Cash Flow/m
363- 2 Bed
- 2 Bath
- 970 sft
296 3rd St, Manistee, MI, 49660
$ 140,000
ROI
24.5Cash Flow/m
187- 3 Bed
- 1 Bath
- 1811 sft
263 10th St, Manistee, MI, 49660
Motivated Seller
$ 194,000
ROI
28.2Cash Flow/m
455- 3 Bed
- 1 Bath
- 1348 sft
718 Ramsdell St, Manistee, MI, 49660
Why Invest in Manistee, Michigan?
Investing in Manistee, MI under $200k offers a unique opportunity to capitalize on affordable entry points with promising returns. The local rental yield averages 8%, supported by stable renter occupancy near 65%. With cap rates around 7% and average ROI close to 10%, small investors can find attractive cash flow potential. Appreciation remains steady at about 2% annually, reflecting moderate growth in this market.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$450/mo
Avg. Cash Flow
$750/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Manistee typically include single-family homes and small multi-family units. Investors can expect strong rental yields and steady demand from local renters.
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