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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Michigamme, MI
$ 185,000
ROI
21.7
Cash Flow/m
99- 2 Bed
- 1 Bath
- 588 sft
27470 Us Highway 41, Michigamme, MI, 49861
$ 131,000
ROI
52.5Cash Flow/m
1193- 3 Bed
- 1 Bath
- 1398 sft
327 W Lake St, Michigamme, MI, 49861
$ 129,900
ROI
50.0Cash Flow/m
1093- 2 Bed
- 2 Bath
- 1415 sft
21793 Birch Dr, Michigamme, MI, 49861
$ 117,900
ROI
69.8Cash Flow/m
1641- 3 Bed
- 1 Bath
- 1095 sft
220 W Railroad St, Michigamme, MI, 49861
Why Invest in Michigamme, Michigan?
Investing in Michigamme, MI under $200k offers a unique opportunity in a serene, small-town setting. The area shows average rental yields around 7%, with cap rates near 5%, presenting solid cash flow potential. Appreciation remains steady at about 2.5% annually, bolstered by a renter-occupied population close to 40%. For investors looking for affordable properties, Michigamme’s market balances growth with manageable entry costs.
8%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$700/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Michigamme typically include single-family homes and small cabins ideal for rental or personal use, offering affordable entry points into the market.
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