Under $200K Investment Properties for Sale in Pellston, MI
238- 2 Bed
- 1 Bath
- 1169 sft
144- 2 Bed
- 1 Bath
- 1000 sft
366- 2 Bed
- 2 Bath
- 1200 sft
139- 3 Bed
- 1 Bath
- 964 sft
116- 3 Bed
- 1 Bath
- 854 sft
102- 2 Bed
- 1 Bath
- 1042 sft
- 3 Bed
- 2 Bath
- 1400 sft
849- 3 Bed
- 2 Bath
- 1380 sft
- 1 Bed
- 1 Bath
- 621 sft
901- 3 Bed
- 2 Bath
- 1216 sft
751- 2 Bed
- 1 Bath
- 1132 sft
638- 3 Bed
- 1 Bath
- 1320 sft
96- 5 Bed
- 2 Bath
- 2300 sft
135- - Bed
- 1 Bath
- 628 sft
129- 2 Bed
- 1 Bath
- 820 sft
119- 1 Bed
- 1 Bath
- 780 sft
110- 1 Bed
- 1 Bath
- 360 sft
471- 5 Bed
- 2 Bath
- 1926 sft
106- 3 Bed
- 1 Bath
- 1278 sft
753- 3 Bed
- 2 Bath
- 737 sft
808- 3 Bed
- 2 Bath
- 2185 sft
93- 2 Bed
- 1 Bath
- 867 sft
111- 2 Bed
- 1 Bath
- 940 sft
93- 5 Bed
- 1 Bath
- 1466 sft
646- 5 Bed
- 2 Bath
- 988 sft
93- 4 Bed
- 2 Bath
- 1680 sft
136- 3 Bed
- 1 Bath
- 887 sft
Why Invest in Pellston, Michigan?
Investing in Pellston, MI under $200k offers a unique opportunity for budget-conscious investors focused on steady rental income and moderate appreciation. This location boasts an average rental yield of 7.2% and a cap rate of 6%, providing sound returns in a stable market. Pellston's affordability supports a renter-occupied rate of 48%, indicating consistent demand. Investors benefit from an average cash flow of $600 monthly and a 3.8% annual property appreciation rate. Government data underscores Pellston’s growing local employment and steady population, reinforcing its appeal for long-term investments.
Frequently Asked Questions
The average rental yield for properties under $200k in Pellston is approximately 7.2%, offering a solid return for investors looking for steady income.
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