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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Morenci, MI
Listed for sale 5 days ago
$ 181,000
ROI
27.3
Cash Flow/m
380- 3 Bed
- 1 Bath
- 952 sft
8312 Packard Rd, Morenci, MI, 49256
Listed for sale 6 days ago
$ 179,900
ROI
24.5Cash Flow/m
235- 4 Bed
- 2 Bath
- 1620 sft
120 Clark St, Morenci, MI, 49256
$ 179,900
ROI
30.1Cash Flow/m
518- 3 Bed
- 3 Bath
- 1421 sft
8083 Brown Rd, Morenci, MI, 49256
$ 114,900
ROI
23.4Cash Flow/m
117- 3 Bed
- 1 Bath
- 1482 sft
127 N East St, Morenci, MI, 49256
Why Invest in Morenci, Michigan?
Investing in Morenci, MI properties under $200k offers access to a growing community with steady rental demand. The area boasts an average ROI of 6.2%, a cap rate of 7.1%, and rental yields around 8.5%. Investors can expect average monthly cash flow near $400 and average rents at $750. Appreciation rates remain solid at 3.2% annually, supported by a renter-occupied housing rate of 60%. These metrics highlight Morenci as an attractive market for affordable real estate investment.
6.2%
Avg. ROI
8.5%
Rental Yield
7.1%
Cap Rate
$400/mo
Avg. Cash Flow
$750/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Morenci are primarily single-family homes and some small multifamily units, ideal for entry-level investors looking for affordable rental opportunities.
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