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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
Listed for sale 1 day ago
$ 150,000
ROI
24.0
Cash Flow/m
177- 6 Bed
- 4 Bath
- 4500 sft
20755 Shaw St, Onaway, MI, 49765
$ 130,000
ROI
24.3Cash Flow/m
165- 3 Bed
- 1 Bath
- 1540 sft
3710 9th St, Onaway, MI, 49765
$ 172,900
ROI
24.8Cash Flow/m
243- 3 Bed
- 2 Bath
- 1080 sft
3966 S Lynn St, Onaway, MI, 49765
$ 199,900
ROI
24.9Cash Flow/m
285- 4 Bed
- 2 Bath
- 1637 sft
9580 S Black River Rd, 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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