Under $200K Investment Properties for Sale in Pellston, MI

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.