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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Marenisco, MI
$ 199,000
ROI
26.6
Cash Flow/m
378- 3 Bed
- 2 Bath
- 1456 sft
115 County Rd, Marenisco, MI, 49947
$ 135,000
ROI
24.3Cash Flow/m
172- 3 Bed
- 1 Bath
- 876 sft
7041 Forest Ln #7100, Marenisco, MI, 49947
Rental Income
$ 163,000
ROI
21.7Cash Flow/m
88- 3 Bed
- 1 Bath
- 600 sft
9474 State Highway M64 #M64-1, Marenisco, MI, 49947
$ 195,000
ROI
31.5Cash Flow/m
636- 3 Bed
- 1 Bath
- 600 sft
9474 N M64 #1, Marenisco, MI, 49947
Why Invest in Marenisco, Michigan?
Investing in Marenisco, MI properties under $300K offers an affordable entry point into the Upper Peninsula real estate market. The area provides attractive cap rates averaging around 7%, with rental yields near 9%, appealing for cash flow-focused investors. Marenisco's average rent sits at approximately $850, supporting steady cash flow. The local market shows moderate appreciation rates around 2%, reflecting the stability of this rural community largely reliant on natural resource industries.
8%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Yes, Marenisco offers affordable properties under $300K with attractive cap rates, making it appealing for investors seeking steady rental income in a rural setting.
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