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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Manistique, MI
$ 212,000
ROI
26.0
Cash Flow/m
368- 2 Bed
- 2 Bath
- 1503 sft
224 N 5th St, Manistique, MI, 49854
$ 115,000
ROI
23.8Cash Flow/m
131- 3 Bed
- 2 Bath
- 1544 sft
538 Oak St, Manistique, MI, 49854
$ 255,000
ROI
21.6Cash Flow/m
133- 3 Bed
- 1 Bath
- 1276 sft
856 N River Rd, Manistique, MI, 49854
$ 134,000
ROI
24.0Cash Flow/m
156- 3 Bed
- 1 Bath
- 1191 sft
121 N 2nd St, Manistique, MI, 49854
Why Invest in Manistique, Michigan?
Investing in Manistique, MI, with properties under $500k offers a unique opportunity for steady cash flow and attractive cap rates. The local market boasts an average ROI of 7.5% and a rental yield near 6%. Appreciation rates are moderate, reflecting steady economic growth fueled by sectors like manufacturing and services. Rental demand remains solid with a renter occupancy rate above 50%, making it a pragmatic choice for balanced real estate portfolios.
7.5%
Avg. ROI
6%
Rental Yield
6.5%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Manistique is approximately 7.5%, supported by stable rental demand and moderate appreciation.
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