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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Merritt, MI
$ 174,900
ROI
24.3
Cash Flow/m
223- 2 Bed
- 2 Bath
- 1408 sft
250 S Merritt Rd, Merritt, MI, 49667
$ 189,900
ROI
24.9Cash Flow/m
272- 3 Bed
- 2 Bath
- 1992 sft
5626 S Jeffs Rd APT B, Merritt, MI, 49667
$ 150,000
ROI
24.4Cash Flow/m
192- 3 Bed
- 1 Bath
- 1200 sft
4174 N Dorr Rd, Merritt, MI, 49667
or
Here are some other similar properties you might be interested in:
Currently Rented
Rental Income
Listed for sale 2 days ago
$ 100,000
ROI
24.7Cash Flow/m
139- 3 Bed
- 1 Bath
- 964 sft
11776 Rossiter St, Detroit, MI, 48224
Listed for sale 6 days ago
$ 100,000
ROI
23.9Cash Flow/m
116- 3 Bed
- 1 Bath
- 854 sft
130 S 4th St, Manistique, MI, 49854
Listed for sale 5 days ago
$ 100,000
ROI
23.4Cash Flow/m
102- 2 Bed
- 1 Bath
- 1042 sft
7704 Pine Creek Rd, Manistee, MI, 49660
Fix & Flip
Listed for sale 5 days ago
$ 100,000
ROI
16.6Gross Rent Yield
9.5- 3 Bed
- 2 Bath
- 1400 sft
4233 N Pheasant Rd, Lincoln, MI, 48742
Listed for sale 6 days ago
$ 100,000
ROI
50.3Cash Flow/m
849- 3 Bed
- 2 Bath
- 1380 sft
203 Mifflin Ave, Lansing, MI, 48912
Listed for sale 7 days ago
$ 100,000
ROI
14.4Gross Rent Yield
9.4- 1 Bed
- 1 Bath
- 621 sft
1715 Maple Rdg APT 4, Haslett, MI, 48840
$ 100,000
ROI
52.1Cash Flow/m
901- 3 Bed
- 2 Bath
- 1216 sft
3611 Butternut Dr Lot 177, Holland, MI, 49424
$ 100,000
ROI
46.7Cash Flow/m
751- 2 Bed
- 1 Bath
- 1132 sft
3527 Kent Ave, Kalamazoo, MI, 49008
Fix & Flip
$ 100,000
ROI
42.7Cash Flow/m
638- 3 Bed
- 1 Bath
- 1320 sft
31 Mathews Ct NE, Grand Rapids, MI, 49505
Fix & Flip
$ 100,000
ROI
23.2Cash Flow/m
96- 5 Bed
- 2 Bath
- 2300 sft
301 S Cherry St, Kalkaska, MI, 49646
$ 100,000
ROI
24.6Cash Flow/m
135- - Bed
- 1 Bath
- 628 sft
101 Millburg Dr, Benton Harbor, MI, 49022
$ 100,000
ROI
24.4Cash Flow/m
129- 2 Bed
- 1 Bath
- 820 sft
124 Stanton Ave, Mohawk, MI, 49950
$ 100,000
ROI
24.0Cash Flow/m
119- 1 Bed
- 1 Bath
- 780 sft
7625 Marwede Rd, Alpena, MI, 49707
$ 100,000
ROI
23.7Cash Flow/m
110- 1 Bed
- 1 Bath
- 360 sft
2271 Birch Dr, Sears, MI, 49679
Currently Rented
$ 100,000
ROI
36.7Cash Flow/m
471- 5 Bed
- 2 Bath
- 1926 sft
903 S Mason St, Saginaw, MI, 48602
Fix & Flip
Motivated Seller
$ 100,000
ROI
23.5Cash Flow/m
106- 3 Bed
- 1 Bath
- 1278 sft
58655 Penn Rd, Cassopolis, MI, 49031
$ 100,000
ROI
46.8Cash Flow/m
753- 3 Bed
- 2 Bath
- 737 sft
181 S Marshall St, Pontiac, MI, 48342
$ 100,000
ROI
48.8Cash Flow/m
808- 3 Bed
- 2 Bath
- 2185 sft
321 S Main St, Bellevue, MI, 49021
Fix & Flip
$ 100,000
ROI
23.1Cash Flow/m
93- 2 Bed
- 1 Bath
- 867 sft
4511 Waldorf Rd, Delton, MI, 49046
Currently Rented
$ 100,000
ROI
23.7Cash Flow/m
111- 2 Bed
- 1 Bath
- 940 sft
21640 Jacksonville St, Farmington Hills, MI, 48336
$ 100,000
ROI
23.1Cash Flow/m
93- 5 Bed
- 1 Bath
- 1466 sft
25828 Lake Linden Ave, Laurium, MI, 49913
Currently Rented
$ 100,000
ROI
43.0Cash Flow/m
646- 5 Bed
- 2 Bath
- 988 sft
730 Tilden St, Flint, MI, 48505
$ 100,000
ROI
23.1Cash Flow/m
93- 4 Bed
- 2 Bath
- 1680 sft
1535 S M 52, Owosso, MI, 48867
Fix & Flip
$ 100,000
ROI
24.6Cash Flow/m
136- 3 Bed
- 1 Bath
- 887 sft
4402 Pelham St, Dearborn Heights, MI, 48125
Why Invest in Merritt, Michigan?
Investing in Merritt, MI with properties under $200k offers a great opportunity to tap into an affordable market with solid returns. The average ROI in this market hovers around 7%, supported by a rental yield of approximately 6.5%. Cap rates average near 7%, indicating strong potential for cash flow and property appreciation, while the average cash flow remains positive for investors focusing on budget-friendly properties. Renter occupancy rates are healthy, driven by local economic stability and population trends.
7%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$120/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $200k typically include single-family homes, small multifamily units, and some condominiums, ideal for entry-level investors seeking affordable options.
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