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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 1 day ago
$ 109,900
ROI
24.7
Cash Flow/m
151- 5 Bed
- 2 Bath
- 2126 sft
812 Arbutus Ave, Manistique, MI, 49854
Listed for sale 4 days ago
$ 129,900
ROI
24.1Cash Flow/m
158- 2 Bed
- 1 Bath
- 1068 sft
150 Steuben St, Manistique, MI, 49854
$ 100,000
ROI
23.9Cash Flow/m
116- 3 Bed
- 1 Bath
- 854 sft
130 S 4th St, Manistique, MI, 49854
$ 118,000
ROI
23.1Cash Flow/m
111- 4 Bed
- 2 Bath
- 1415 sft
525 Delta Ave, 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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