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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Michigan City, IN
Listed for sale 2 days ago
$ 159,900
ROI
26.4
Cash Flow/m
297- 3 Bed
- 2 Bath
- 1806 sft
703 N Carroll Ave, Michigan City, IN, 46360
$ 180,000
ROI
23.2Cash Flow/m
171- 3 Bed
- 2 Bath
- 1800 sft
1034 Woodlawn Ave, Michigan city, IN, 46360
Fix & Flip
Listed for sale 2 days ago
$ 100,000
ROI
25.6Cash Flow/m
163- 4 Bed
- 1 Bath
- 2010 sft
415 Cleveland Ave, Michigan City, IN, 46360
$ 199,900
ROI
21.0Cash Flow/m
68- - 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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