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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Onaway, MI
$ 149,900
ROI
29.2
Cash Flow/m
394- 4 Bed
- 1 Bath
- 1000 sft
20919 Superior St, Onaway, MI, 49765
$ 130,000
ROI
24.1Cash Flow/m
159- 3 Bed
- 1 Bath
- 1540 sft
3710 9th St, Onaway, MI, 49765
$ 135,000
ROI
31.2Cash Flow/m
430- 2 Bed
- 1 Bath
- 634 sft
9940 Peninsula Dr, Onaway, MI, 49765
$ 150,000
ROI
23.4Cash Flow/m
152- 2 Bed
- 1 Bath
- 1200 sft
7297 M 33, Onaway, MI, 49765
Why Invest in Onaway, Michigan?
Investing in Onaway, MI, especially properties under $200K, presents a unique opportunity for affordable real estate entry. This market has an average ROI of 6.5% and a rental yield near 7.2%, reflecting strong cash flow potential in a small-town setting. Cap rates remain healthy at 8.1%, supporting long-term appreciation as the community grows steadily. With rental demand sustained by 52% renter occupancy, investors can expect consistent income streams in this emerging market.
6.5%
Avg. ROI
7.2%
Rental Yield
8.1%
Cap Rate
$650/mo
Avg. Cash Flow
$780/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for such properties in Onaway is approximately 7.2%, indicating solid income potential for real estate investors.
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