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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Ontonagon, MI
$ 175,000
ROI
23.8
Cash Flow/m
199- 4 Bed
- 2 Bath
- 1200 sft
725 Parker Ave #1, Ontonagon, MI, 49953
$ 139,000
ROI
31.7Cash Flow/m
461- 4 Bed
- 2 Bath
- 1500 sft
610 S 4th St, Ontonagon, MI, 49953
$ 160,000
ROI
24.1Cash Flow/m
195- 2 Bed
- 1 Bath
- 1000 sft
217 Mulock St, Ontonagon, MI, 49953
$ 190,000
ROI
24.6Cash Flow/m
258- 3 Bed
- 2 Bath
- 1020 sft
743 Pebble Beach Dr, 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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