Under $500K Investment Properties for Sale in Menominee, MI
Listed for sale today
$ 124,900
ROI
24.5
Cash Flow/m
163- 2 Bed
- 1 Bath
- 896 sft
1008 15th Ave, Menominee, MI, 49858
Listed for sale 1 day ago
$ 127,500
ROI
24.0Cash Flow/m
151- 4 Bed
- 2 Bath
- 1344 sft
2504 16th Ave, Menominee, MI, 49858
$ 125,000
ROI
24.8Cash Flow/m
175- 3 Bed
- 2 Bath
- 1876 sft
1009 16th St, Menominee, MI, 49858
$ 214,900
ROI
27.4Cash Flow/m
458- 3 Bed
- 3 Bath
- 1400 sft
1500 29th 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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