Under $200K Investment Properties for Sale in New Era, MI
$ 109,900
ROI
23.5
Cash Flow/m
114- 1 Bed
- 1 Bath
- 758 sft
5900 S Water Rd #216, New Era, MI, 49446
$ 155,000
ROI
23.9Cash Flow/m
177- 2 Bed
- 1 Bath
- 720 sft
4675 3rd St, New Era, MI, 49446
$ 150,000
ROI
23.7Cash Flow/m
165- 1 Bed
- 1 Bath
- 758 sft
5900 S Water Rd Unit 113, New Era, MI, 49446
$ 110,250
ROI
27.4Cash Flow/m
233- 2 Bed
- 1 Bath
- 720 sft
3785 W M20, New Era, MI, 49446
Why Invest in New Era, Michigan?
Investing in New Era, MI, especially properties under $200k, presents a compelling opportunity for real estate investors. With an average ROI of 7.5% and a rental yield of 6.5%, the market offers attractive cash flow and appreciation potential. The cap rate stands solid at 5.8%, supported by an average monthly rent of $850 and a renter-occupied rate of 58%. Economic growth and increasing rental demand make this market suitable for both new and seasoned investors seeking affordable entry points.
7.5%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200k in New Era is approximately 6.5%, providing solid income potential for investors.
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