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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
Listed for sale 2 days ago
$ 185,000
ROI
23.3
Cash Flow/m
184- 2 Bed
- 1 Bath
- 1100 sft
365 7th St, Manistee, MI, 49660
Listed for sale 3 days ago
$ 180,000
ROI
31.9Cash Flow/m
608- 3 Bed
- 1 Bath
- 1298 sft
356 1st St, Manistee, MI, 49660
Listed for sale 6 days ago
$ 149,900
ROI
30.0Cash Flow/m
429- 3 Bed
- 2 Bath
- 2362 sft
306 5th St, Manistee, MI, 49660
Motivated Seller
$ 105,000
ROI
23.7Cash Flow/m
116- 4 Bed
- 1 Bath
- 1688 sft
616 Cypress 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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