Under $300K Investment Properties for Sale in Ontonagon Township, MI
318- 2 Bed
- - Bath
- 820 sft
191- 3 Bed
- 2 Bath
- 1406 sft
137- 3 Bed
- 1 Bath
- 1718 sft
-- 3 Bed
- 2 Bath
- 1200 sft
129- 3 Bed
- 1 Bath
- 1210 sft
102- 3 Bed
- 2 Bath
- 1008 sft
119- 2 Bed
- 1 Bath
- 1336 sft
127- 3 Bed
- 1 Bath
- 860 sft
128- 3 Bed
- 1 Bath
- 1043 sft
125- 2 Bed
- 1 Bath
- 1100 sft
104- 2 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 882 sft
-- 1 Bed
- 1 Bath
- 384 sft
140- 3 Bed
- 2 Bath
- 1344 sft
117- 4 Bed
- 2 Bath
- 1188 sft
127- 2 Bed
- 1 Bath
- 1129 sft
117- 3 Bed
- 1 Bath
- 1270 sft
102- 3 Bed
- 1 Bath
- - sft
104- 3 Bed
- 1 Bath
- 960 sft
- 3 Bed
- 2 Bath
- 1248 sft
- 1 Bed
- 1 Bath
- 707 sft
94- 2 Bed
- 2 Bath
- 896 sft
118- 3 Bed
- 2 Bath
- 1360 sft
99- 2 Bed
- 1 Bath
- 804 sft
112- 2 Bed
- 1 Bath
- 780 sft
124- 2 Bed
- 1 Bath
- 660 sft
Why Invest in Ontonagon Township, Michigan?
Investing in affordable properties under $300k in Ontonagon Township, MI offers a unique opportunity to tap into Michigan's steady rental market. This area boasts a stable average rental yield of 7%, with a cap rate near 6%, ensuring solid returns for investors. Recent property appreciation trends also show gradual growth, supporting long-term investment value. The average cash flow for rental properties here is positive, driven by a consistent average rent of approximately $850 per month. With a renter-occupied rate above 40%, there's reliable tenant demand underpinned by local economic stability.
Frequently Asked Questions
Properties under $300k typically include single-family homes, small multi-family units, and some vacant land parcels. These offer affordable entry points for investors looking at rental opportunities.
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