Under $200K Investment Properties for Sale in Painesdale, MI
167- 3 Bed
- 2 Bath
- 1144 sft
146- 2 Bed
- 2 Bath
- 1048 sft
623- 3 Bed
- 2 Bath
- 960 sft
96- 3 Bed
- 2 Bath
- 1248 sft
137- 2 Bed
- 1 Bath
- 884 sft
92- 2 Bed
- 1 Bath
- 1045 sft
114- 4 Bed
- 2 Bath
- 825 sft
103- 2 Bed
- 1 Bath
- 924 sft
- 3 Bed
- 2 Bath
- 1600 sft
137- 2 Bed
- 1 Bath
- 666 sft
122- 3 Bed
- 1 Bath
- 1800 sft
144- 3 Bed
- 1 Bath
- 1344 sft
94- 3 Bed
- 1 Bath
- 1010 sft
109- - Bed
- - Bath
- - sft
131- 3 Bed
- 3 Bath
- 1023 sft
108- 2 Bed
- 1 Bath
- 720 sft
127- 6 Bed
- 2 Bath
- 2388 sft
- 2 Bed
- 2 Bath
- 930 sft
109- 3 Bed
- 2 Bath
- 1296 sft
143- 3 Bed
- 1 Bath
- 1000 sft
145- 2 Bed
- 1 Bath
- 720 sft
128- 3 Bed
- 1 Bath
- 1485 sft
141- 2 Bed
- 1 Bath
- 1080 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
140- 2 Bed
- 1 Bath
- 804 sft
141- 3 Bed
- 1 Bath
- 1208 sft
Why Invest in Painesdale, Michigan?
Investing in Painesdale, MI properties under $200k offers an affordable entry point into a historical mining town with stable rental demand. The average return on investment is around 8%, with a rental yield of roughly 7%, making it attractive for cash flow-focused investors. Cap rates here average 6.5%, and investor cash flow typically runs near $800 per month. The market appreciation is modest at 2%, aligned with steady renter occupancy around 65%. Painesdale benefits from the economic stability of Michigan's Upper Peninsula and demand fueled by local employment.
Frequently Asked Questions
Properties under $200k in Painesdale are typically single-family homes and small multi-family units, offering affordable investment opportunities with stable rental demand.
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