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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Negaunee, MI
Listed for sale 2 days ago
$ 224,000
ROI
24.6
Cash Flow/m
304- 2 Bed
- 1 Bath
- 990 sft
318 N McKenzie Ave, Negaunee, MI, 49866
Listed for sale 5 days ago
$ 199,900
ROI
23.9Cash Flow/m
231- 3 Bed
- 1 Bath
- 1006 sft
52 Midway Dr, Negaunee, MI, 49866
Listed for sale 5 days ago
$ 329,000
ROI
23.4Cash Flow/m
335- 4 Bed
- 2 Bath
- 2050 sft
101 Houghton St, Negaunee, MI, 49866
Listed for sale 6 days ago
$ 229,000
ROI
30.0Cash Flow/m
650- 3 Bed
- 1 Bath
- 1482 sft
406 N Teal Lake Ave, Negaunee, MI, 49866
Why Invest in Negaunee, Michigan?
Investing in Negaunee, MI offers a unique opportunity for investors interested in small city real estate markets. With an average rental yield of 7%, and a cap rate nearing 6%, properties here provide steady rental income and moderate appreciation. The average cash flow remains stable due to the affordable average rent around $850, combined with a renter occupancy rate of 60%. Economic stability and steady property appreciation make Negaunee an attractive option for those exploring Michigan's Upper Peninsula markets.
8%
Avg. ROI
7%
Rental Yield
5.8%
Cap Rate
$500/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Negaunee is approximately 7%, offering a solid income opportunity for real estate investors.
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