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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Saugatuck, MI
$ 120,000
ROI
24.0
Cash Flow/m
141- 4 Bed
- 3 Bath
- 2240 sft
6193 Shangrai La Dr #59, Saugatuck, MI, 49453
Rental Income
$ 120,000
ROI
30.5Cash Flow/m
359- 3 Bed
- 1 Bath
- 380 sft
6473 Blue Star Hwy #23, Saugatuck, MI, 49453
Motivated Seller
$ 170,000
ROI
22.3Cash Flow/m
121- 2 Bed
- 1 Bath
- 686 sft
6473 Blue Star Hwy LOT 70, Saugatuck, MI, 49453
$ 193,000
ROI
23.4Cash Flow/m
197- - Bed
- - Bath
- - sft
Riverside Dr, Saugatuck, MI, 49453
Why Invest in Saugatuck, Michigan?
Investing in under $200k properties in Saugatuck, MI offers a unique opportunity to enter a growing market with solid rental demand and attractive cash flows. This lakeside city boasts an average rental yield of 7%, a cap rate of 6%, and an average ROI of 8%. The town’s appreciation rate of nearly 3% supports long-term value growth. Additionally, the renter-occupied rate is high at 55%, indicating sustained tenant interest.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$1200/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Primarily small single-family homes, condos, and vacation rentals fall under $200k. These properties attract investors seeking manageable entry points into the local market.
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