Under $500K Investment Properties for Sale in Manistique, MI
Listed for sale 1 day ago
$ 145,000
ROI
23.3
Cash Flow/m
142- 2 Bed
- 1 Bath
- 960 sft
117 N 1st St, Manistique, MI, 49854
$ 135,000
ROI
24.0Cash Flow/m
161- 3 Bed
- 1 Bath
- 1858 sft
215 N 1st St, Manistique, MI, 49854
$ 225,000
ROI
29.6Cash Flow/m
614- 3 Bed
- 2 Bath
- 1730 sft
734 Oak St, Manistique, MI, 49854
$ 135,000
ROI
23.0Cash Flow/m
124- 2 Bed
- 2 Bath
- 1520 sft
426 Oak 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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