Under $300K Investment Properties for Sale in Manistee, MI

Investing in Manistee, MI properties under $300k offers a unique opportunity to tap into the area's stable rental market and steady appreciation rates. With an average ROI of 7.2% and rental yields around 8.5%, investors can benefit from positive cash flow metrics averaging $350 per month. Manistee's cap rates remain attractive at 6.8%, supported by a renter-occupied rate of 53%. The local economy and growing tourism bolster demand for affordable housing investments.