Under $200K Investment Properties for Sale in Michigan City, IN

Property at 114 Trunk Ct, Michigan City, IN
Listed for sale 1 day ago
$ 179,900
ROI
26.3ROI percentage
Cash Flow/m
Dollar sign326
  • 2 Bed
  • 2 Bath
  • 1014 sft
114 Trunk Ct, Michigan City, IN, 46360
Property at 440 Pleasant Ave, Michigan city, IN
$ 119,900
ROI
26.2ROI percentage
Cash Flow/m
Dollar sign216
  • 2 Bed
  • 1 Bath
  • 1016 sft
440 Pleasant Ave, Michigan city, IN, 46360
Property at 138 Memorial Dr, Michigan City, IN
Listed for sale 4 days ago
$ 124,900
ROI
26.3ROI percentage
Cash Flow/m
Dollar sign226
  • - Bed
  • - Bath
  • - sft
138 Memorial Dr, Michigan City, IN, 46360
Property at 1632 N 500 E, Michigan city, IN
$ 199,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign68
  • - Bed
  • - Bath
  • - sft
1632 N 500 E, Michigan city, IN, 46360

Why Invest in Michigan City, Indiana?

Investing in Michigan City, IN, especially for properties under $200k, can be a lucrative opportunity. The area boasts competitive rental yields and an affordable property market, making it attractive for both new and seasoned investors. With a growing demand for rental units due to its proximity to Lake Michigan, you can expect positive cash flows and increasing property values.

8.5%
Avg. ROI
10.2%
Rental Yield
7.5%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation

Frequently Asked Questions

Michigan City offers affordable properties and strong rental yields, making it an ideal location for real estate investment. The increasing demand for rentals due to local economic growth also ensures steady cash flow.

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