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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Norway, MI
Listed for sale 1 day ago
$ 189,900
ROI
23.2
Cash Flow/m
180- 3 Bed
- 1 Bath
- 1840 sft
501 Iron St, Norway, MI, 49870
Listed for sale 2 days ago
$ 135,000
ROI
23.4Cash Flow/m
136- 4 Bed
- 2 Bath
- 1992 sft
707 Walnut St, Norway, MI, 49870
Listed for sale 7 days ago
$ 120,000
ROI
24.0Cash Flow/m
142- 2 Bed
- 1 Bath
- 720 sft
310 Main St, Norway, MI, 49870
$ 155,000
ROI
23.4Cash Flow/m
156- 3 Bed
- 2 Bath
- 1228 sft
717 Section St, Norway, MI, 49870
Why Invest in Norway, Michigan?
Investing in Norway, MI, under $200k presents a promising opportunity for real estate investors seeking affordability and growth. This market offers an average ROI of 7.2% and a rental yield around 5.8%, reflecting healthy cash flow potential. The area's cap rate stands at 6.5%, while appreciation is moderate at 2.5%, suggesting stable long-term value. Rental demand remains strong with 60% renter occupancy, driven by local economic factors and demographic trends.
7.2%
Avg. ROI
5.8%
Rental Yield
6.5%
Cap Rate
$750/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200k in Norway, MI is approximately 5.8%, making it a solid choice for investors seeking income generation.
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