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
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 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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