Under $300K Investment Properties for Sale in Ontonagon, MI
$ 220,000
ROI
20.8
Cash Flow/m
62- 2 Bed
- 1 Bath
- 1524 sft
18369 Firesteel Rd, Ontonagon, MI, 49953
$ 225,000
ROI
31.3Cash Flow/m
725- 3 Bed
- 2 Bath
- 1500 sft
501 Heard St, Ontonagon, MI, 49953
Motivated Seller
$ 199,000
ROI
23.0Cash Flow/m
181- 4 Bed
- 1 Bath
- 1700 sft
709 Scovia Ave, Ontonagon, MI, 49953
$ 164,900
ROI
24.9Cash Flow/m
236- 3 Bed
- 2 Bath
- 1400 sft
101 Silver St, Ontonagon, MI, 49953
Why Invest in Ontonagon, Michigan?
Investing in properties under $300k in Ontonagon, MI provides a unique opportunity for real estate investors. The area offers a solid average rental yield of 7.2% and a cap rate around 6.5%, indicating healthy potential returns. With an average ROI of 9%, investors can benefit from reasonable appreciation and consistent cash flow. The local market shows a renter-occupied rate of 55%, demonstrating steady demand for rental units.
9%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$600/mo
Avg. Cash Flow
$750/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Ontonagon typically include single-family homes and small multifamily units. These offer investment opportunities with solid rental demand in a small-town setting.
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