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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Menominee, MI
Listed for sale 2 days ago
$ 129,900
ROI
24.5
Cash Flow/m
172- 2 Bed
- 1 Bath
- 1076 sft
1005 8th Ave, Menominee, MI, 49858
Listed for sale 4 days ago
$ 149,900
ROI
30.3Cash Flow/m
441- 2 Bed
- 1 Bath
- 1548 sft
2113 17th Ave, Menominee, MI, 49858
Listed for sale 6 days ago
$ 149,900
ROI
24.0Cash Flow/m
176- 3 Bed
- 1 Bath
- 1284 sft
2201 15th Ave, Menominee, MI, 49858
Listed for sale 6 days ago
$ 149,900
ROI
23.4Cash Flow/m
150- 2 Bed
- 1 Bath
- 1246 sft
813 12th Ave, Menominee, MI, 49858
Why Invest in Menominee, Michigan?
Investing in Menominee, MI properties under $500k presents an excellent opportunity for steady cash flow and appreciation. This area boasts a solid rental yield around 8% and an average cash flow exceeding $500 monthly, appealing to investors seeking affordable entry points. The cap rate of approximately 7% reflects balanced risk and reward in this local market. With renter occupancy near 60%, demand remains consistent driven by the area's stable economy and growing workforce.
9.5%
Avg. ROI
8.2%
Rental Yield
7%
Cap Rate
$520/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Menominee is approximately 8.2%, offering solid returns for investors. This makes it an attractive market for rental property investments.
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