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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
Listed for sale 1 day ago
$ 165,000
ROI
24.6
Cash Flow/m
224- 3 Bed
- 2 Bath
- 1150 sft
6021 Rustic Rd, Petoskey, MI, 49770
Rental Income
Listed for sale 5 days ago
$ 165,000
ROI
24.9Cash Flow/m
236- 2 Bed
- 1 Bath
- 850 sft
2555 Howard Rd, Petoskey, MI, 49770
$ 200,000
ROI
21.9Cash Flow/m
121- 3 Bed
- 2 Bath
- 1000 sft
3835 Us Highway 131, Petoskey, MI, 49770
$ 189,000
ROI
23.9Cash Flow/m
219- - Bed
- - Bath
- - sft
510 Jennings Ave, 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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