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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 2 days ago
$ 199,000
ROI
24.2
Cash Flow/m
245- 3 Bed
- 1 Bath
- 1056 sft
34 Horseshoe Lake Cir, Negaunee, MI, 49866
$ 129,900
ROI
24.0Cash Flow/m
151- 3 Bed
- 1 Bath
- 1070 sft
212 Patch Rd, Negaunee, MI, 49866
Fix & Flip
$ 165,000
ROI
31.8Cash Flow/m
551- 2 Bed
- 1 Bath
- 854 sft
516 Prince St, Negaunee, MI, 49866
$ 149,000
ROI
23.1Cash Flow/m
138- 4 Bed
- 1 Bath
- 1458 sft
402 Gold St, 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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