Under $200K Investment Properties for Sale in Painesdale, MI
146- 2 Bed
- 2 Bath
- 1048 sft
623- 3 Bed
- 2 Bath
- 960 sft
130- 3 Bed
- 2 Bath
- 1692 sft
- 2 Bed
- 2 Bath
- 930 sft
122- 3 Bed
- 1 Bath
- 936 sft
115- 2 Bed
- 1 Bath
- 1930 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
91- 2 Bed
- 1 Bath
- 778 sft
134- - Bed
- - Bath
- - sft
- 1 Bed
- 1 Bath
- 793 sft
326- 2 Bed
- 2 Bath
- - sft
117- 3 Bed
- 1 Bath
- 960 sft
- 1 Bed
- 1 Bath
- 596 sft
144- 2 Bed
- 1 Bath
- 874 sft
123- 2 Bed
- 2 Bath
- 969 sft
135- 2 Bed
- 1 Bath
- 1031 sft
98- 2 Bed
- 1 Bath
- 1040 sft
122- - Bed
- - Bath
- 1296 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.
Find Your Perfect Investment Property in Painesdale, Michigan
Explore investment opportunities by strategy, performance, or property type
