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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Negaunee, MI
Listed for sale 5 days ago
$ 199,900
ROI
23.9
Cash Flow/m
231- 3 Bed
- 1 Bath
- 1006 sft
52 Midway Dr, Negaunee, MI, 49866
$ 119,900
ROI
24.2Cash Flow/m
149- 2 Bed
- 1 Bath
- 1107 sft
117 E Peck St, Negaunee, MI, 49866
$ 179,900
ROI
24.7Cash Flow/m
247- 2 Bed
- 1 Bath
- 1181 sft
798 Us Highway 41 E, Negaunee, MI, 49866
$ 165,900
ROI
23.6Cash Flow/m
179- 3 Bed
- 1 Bath
- 1278 sft
423 County Rd, Negaunee, MI, 49866
Why Invest in Negaunee, Michigan?
Investing in Negaunee, MI properties under $200k offers affordable entry into a stable market with promising rental yields. With an average ROI around 7%, investors can benefit from steady cash flow and moderate appreciation. The area's cap rates hover near 9%, supported by a renter-occupied rate exceeding 45%. Negaunee's diversified economy and gradual population growth contribute to consistent housing demand, making it an attractive choice for budget-conscious real estate investors.
7%
Avg. ROI
8.5%
Rental Yield
9%
Cap Rate
$500/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average ROI is about 7%, reflecting steady rental demand and affordable property prices in the area.
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