Under $200K Investment Properties for Sale in Negaunee, MI
Listed for sale 6 days ago
$ 179,900
ROI
24.3
Cash Flow/m
226- 3 Bed
- 1 Bath
- 1490 sft
127 M 35, Negaunee, MI, 49866
Rental Income
$ 165,900
ROI
31.6Cash Flow/m
549- 2 Bed
- 1 Bath
- 750 sft
307 W Clark St, Negaunee, MI, 49866
$ 177,000
ROI
24.5Cash Flow/m
236- 2 Bed
- 2 Bath
- 915 sft
505.5 Cherry St, Negaunee, MI, 49866
$ 169,000
ROI
23.7Cash Flow/m
186- 3 Bed
- 1 Bath
- 1375 sft
307 Tobin 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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