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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
$ 198,900
ROI
31.6
Cash Flow/m
658- 4 Bed
- 2 Bath
- 2570 sft
19341 N Allis Hwy, Onaway, MI, 49765
$ 110,000
ROI
24.6Cash Flow/m
150- 3 Bed
- 1 Bath
- 1503 sft
3864 S Elm St, Onaway, MI, 49765
$ 189,000
ROI
25.3Cash Flow/m
293- 3 Bed
- 1 Bath
- 1068 sft
2368 N Palmer Rd, Onaway, MI, 49765
Currently Rented
Rental Income
$ 125,000
ROI
23.3Cash Flow/m
123- 3 Bed
- 1 Bath
- 1012 sft
20538 Elsden St, 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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