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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Onaway, MI
Listed for sale 6 days ago
$ 124,900
ROI
23.7
Cash Flow/m
137- 3 Bed
- 2 Bath
- 950 sft
3456 Miller St, Onaway, MI, 49765
$ 389,000
ROI
29.3Cash Flow/m
1028- 4 Bed
- 2 Bath
- 2626 sft
17314 Cobbs Hwy, Onaway, MI, 49765
$ 274,000
ROI
27.8Cash Flow/m
612- 5 Bed
- 3 Bath
- 2484 sft
7039 Riverbend Dr, Onaway, MI, 49765
$ 198,900
ROI
31.6Cash Flow/m
658- 4 Bed
- 2 Bath
- 2570 sft
19341 N Allis Hwy, Onaway, MI, 49765
Why Invest in Onaway, Michigan?
Investing in Onaway, MI offers promising opportunities for high rental yield properties. Known for its affordable housing and steady rental demand, Onaway boasts average rental yields around 10%, with cap rates typically near 7%. Investors can expect an average ROI of about 8%, supported by strong renter occupancy rates over 90%. The local market shows consistent property appreciation, making it a solid choice for both new and seasoned real estate investors.
8%
Avg. ROI
10%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Onaway, MI is approximately 10%, making it an attractive market for income-focused real estate investors.
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