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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Muskegon, MI
Listed for sale 2 days ago
$ 164,900
ROI
27.1
Cash Flow/m
338- 2 Bed
- 1 Bath
- 832 sft
2324 Hughes Ave, Muskegon, MI, 49441
Listed for sale 3 days ago
$ 159,900
ROI
24.9Cash Flow/m
231- 2 Bed
- 3 Bath
- 1143 sft
691 E Isabella Ave, Muskegon, MI, 49442
Listed for sale 3 days ago
$ 169,900
ROI
24.9Cash Flow/m
242- 3 Bed
- 1 Bath
- 1212 sft
283 W Forest Ave, Muskegon, MI, 49441
Fix & Flip
Listed for sale 3 days ago
$ 195,500
ROI
24.9Cash Flow/m
277- 3 Bed
- 2 Bath
- 1352 sft
931 W Barney Ave, Muskegon, MI, 49441
Why Invest in Muskegon, Michigan?
Discover Muskegon, MI properties under $200k offering strong entry points for investors. Affordable homes here provide solid rental yields around 8-10% with cap rates near 9%. Annual appreciation holds at 2.5-3%, supported by steady demand and low vacancy. Average rents near $1,100 deliver positive cash flow for budget-conscious portfolios. Renter-occupied units exceed 40%, ensuring reliable income streams. Market inventory growth aids quick acquisitions under budget.
9.5%
Avg. ROI
9.2%
Rental Yield
9.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
2.8%
1Y Appreciation
Frequently Asked Questions
Expect 8-10% rental yields and 9% cap rates on under-$200k properties. Average cash flow hits $450 monthly with 2.8% appreciation. Renter demand remains strong at 42% occupancy.
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