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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
Listed for sale 7 days ago
$ 149,900
ROI
24.8
Cash Flow/m
211- 3 Bed
- 1 Bath
- 1321 sft
206 N 5th St, Manistique, MI, 49854
Listed for sale 7 days ago
$ 134,000
ROI
24.8Cash Flow/m
188- 3 Bed
- 2 Bath
- 1794 sft
706 Michigan Ave, Manistique, MI, 49854
Listed for sale 7 days ago
$ 195,000
ROI
28.0Cash Flow/m
444- 4 Bed
- 3 Bath
- 1472 sft
430 N Houghton Ave, Manistique, MI, 49854
Listed for sale 7 days ago
$ 212,000
ROI
27.8Cash Flow/m
474- 2 Bed
- 2 Bath
- 1503 sft
224 N 5th 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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