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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mikado, MI
$ 129,900
ROI
23.9
Cash Flow/m
149- 2 Bed
- 1 Bath
- 1200 sft
2559 E Pine River Trl, Mikado, MI, 48745
$ 185,000
ROI
20.6Cash Flow/m
42- 3 Bed
- 2 Bath
- 1500 sft
2361 Brewer St, Mikado, MI, 48745
$ 130,000
ROI
24.1Cash Flow/m
159- 2 Bed
- 1 Bath
- 928 sft
4300 E F30 Rd, Mikado, MI, 48745
$ 150,000
ROI
26.6Cash Flow/m
285- 2 Bed
- 1 Bath
- 1010 sft
2568 E McTaggart Rd, Mikado, MI, 48745
Why Invest in Mikado, Michigan?
Investing in Mikado, MI properties under $200k offers excellent access to stable rental markets with an average rental yield of 7%. These affordable opportunities come with competitive cap rates of around 6%, ensuring solid cash flow. Mikado's average ROI stands near 8%, supported by steady local appreciation and a renter occupancy rate above 60%. Leveraging these metrics makes Mikado attractive for real estate investors focused on cost-efficient entry points with sustainable returns.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Mikado are generally single-family homes and smaller multifamily units, ideal for first-time investors or those seeking affordable rental properties.
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