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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Munising, MI
$ 149,000
ROI
24.5
Cash Flow/m
195- 3 Bed
- 2 Bath
- 1690 sft
924 W Superior St, Munising, MI, 49862
$ 264,500
ROI
26.0Cash Flow/m
457- 3 Bed
- 2 Bath
- 1810 sft
304 Oak St, Munising, MI, 49862
$ 194,000
ROI
26.1Cash Flow/m
343- 2 Bed
- 1 Bath
- 1063 sft
311 Chestnut St, Munising, MI, 49862
$ 189,000
ROI
25.8Cash Flow/m
316- 2 Bed
- 1 Bath
- 1203 sft
228 E Chocolay 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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