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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Petoskey, MI
$ 169,000
ROI
24.1
Cash Flow/m
204- 1 Bed
- 1 Bath
- 825 sft
2083 Woods Ln UNIT 1, Petoskey, MI, 49770
$ 105,900
ROI
24.3Cash Flow/m
133- 3 Bed
- 2 Bath
- 1155 sft
5556 Pincherry Ln #27, Petoskey, MI, 49770
$ 200,000
ROI
33.4Cash Flow/m
760- 2 Bed
- 1 Bath
- 950 sft
2067 Woods Ln UNIT 13, Petoskey, MI, 49770
$ 200,000
ROI
31.9Cash Flow/m
674- 2 Bed
- 1 Bath
- 900 sft
2067 Woods Ln, Petoskey, MI, 49770
Why Invest in Petoskey, Michigan?
Investing in Petoskey, MI, especially properties under $200k, offers affordable entry into a market with an average ROI of 7.5%. Rental yields average around 8.0%, supported by a stable cap rate of 6.0%. The average cash flow is $300 monthly while rent averages $900, with steady property appreciation at 3.2% annually. This area has a renter-occupied rate of 52%, indicating a healthy demand for rental properties in the region.
7.5%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200k in Petoskey is around 8%, reflecting strong rental demand in the area.
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