Under $500K Investment Properties for Sale in Munising, MI
Listed for sale 4 days ago
$ 230,000
ROI
29.0
Cash Flow/m
593- 3 Bed
- 2 Bath
- 1153 sft
221 E Varnum St, Munising, MI, 49862
$ 129,900
ROI
23.1Cash Flow/m
120- 2 Bed
- 2 Bath
- 1201 sft
104 Hemlock St, Munising, MI, 49862
$ 199,000
ROI
24.9Cash Flow/m
285- 3 Bed
- 2 Bath
- 1587 sft
214 Hickory St, Munising, MI, 49862
$ 119,900
ROI
24.6Cash Flow/m
162- 4 Bed
- 2 Bath
- 1963 sft
113 W Onota St, Munising, MI, 49862
Why Invest in Munising, Michigan?
Munising, MI offers attractive real estate investment opportunities under $500k, ideal for budget-conscious investors. The area boasts a solid average ROI of 7.5% and a rental yield near 6%, reflecting steady demand. Cap rates hover around 8%, supported by an average cash flow of $400 monthly. With average rents around $900 and a modest 2% annual appreciation, the market shows resilience. Approximately 65% of housing units are renter-occupied, ensuring a steady tenant base.
7.5%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Munising is approximately 7.5%, making it a compelling option for real estate investors.
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