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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Onekama, MI
$ 134,600
ROI
35.6
Cash Flow/m
592- - Bed
- - Bath
- - sft
5535 John St, Onekama, MI, 49675
$ 175,000
ROI
24.9Cash Flow/m
250- 3 Bed
- 1 Bath
- 970 sft
4914 Main St, Onekama, MI, 49675
$ 128,500
ROI
24.8Cash Flow/m
179- 1 Bed
- 1 Bath
- 240 sft
8542 S Portage Point Dr UNIT 4, Onekama, MI, 49675
$ 128,500
ROI
24.8Cash Flow/m
179- 1 Bed
- 1 Bath
- 240 sft
8558 S Portage Point Dr LOT 3, Onekama, MI, 49675
Why Invest in Onekama, Michigan?
Investing under $200k in Onekama, MI, offers a unique opportunity to tap into a growing market with strong rental demand. This lakefront community benefits from steady appreciation and favorable cap rates around 7%. Rental yield remains attractive at approximately 9%, providing stable cash flow for investors. Local employment growth and tourism contribute to renter occupancy near 85%, making it a promising location for real estate investments.
8.2%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$650/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $200k in Onekama include smaller single-family homes and seasonal cottages. These are attractive to investors targeting rental income or affordable ownership near Lake Michigan.
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