Investment Properties for Sale in Morenci, MI
Listed for sale 6 days ago
$ 260,000
ROI
20.1
Cash Flow/m
25- 4 Bed
- 3 Bath
- 3505 sft
9615 Coomer St, Morenci, MI, 49256
Listed for sale 7 days ago
$ 189,900
ROI
30.3Cash Flow/m
558- 3 Bed
- 1 Bath
- 1896 sft
218 Oak St, Morenci, MI, 49256
$ 199,000
ROI
28.4Cash Flow/m
478- 3 Bed
- 2 Bath
- 1275 sft
823 N Summit St, Morenci, MI, 49256
$ 250,000
ROI
32.0Cash Flow/m
851- 4 Bed
- 2 Bath
- 2395 sft
415 N East St, Morenci, MI, 49256
Why Invest in Morenci, Michigan?
Investing in real estate in Morenci, MI offers unique opportunities in this small city with stable rental yields around 7.5%. Average ROI for residential properties stands near 6%. The local market benefits from a moderate cap rate of 8% and steady appreciation nearing 2.5% annually. With an average cash flow of $250 per unit and rental rates of about $700, Morenci is appealing to investors seeking affordable entry points in Michigan.
6%
Avg. ROI
7.5%
Rental Yield
8%
Cap Rate
$250/mo
Avg. Cash Flow
$700/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Morenci is approximately 7.5%, making it a promising market for rental property investors.
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