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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Schoolcraft, MI
$ 174,900
ROI
24.2
Cash Flow/m
216- 2 Bed
- 1 Bath
- 844 sft
130 South St, Schoolcraft, MI, 49087
$ 109,900
ROI
24.8Cash Flow/m
153- 3 Bed
- 2 Bath
- 1538 sft
7651 S Ave W, Schoolcraft, MI, 49087
$ 159,900
ROI
24.4Cash Flow/m
208- 3 Bed
- 1 Bath
- 1636 sft
122 S Cedar St, Schoolcraft, MI, 49087
$ 114,953
ROI
30.8Cash Flow/m
353- 1 Bed
- 2 Bath
- 540 sft
318 N Grand St, Schoolcraft, MI, 49087
Why Invest in Schoolcraft, Michigan?
Investing in Schoolcraft, MI properties under $200k offers entry-level opportunities in a stable Midwest market. The area presents an average ROI around 7%, with rental yields near 6%. Cap rates hover close to 7%, aligning with modest appreciation rates near 2%. Average rent maintains around $900 monthly, supporting consistent cash flow for investors targeting affordable housing options. The renter-occupied rate stands at approximately 48%, reflecting a balanced rental market.
7%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Properties under $200k typically include single-family homes and smaller multi-family units. These are suitable for first-time investors seeking entry into the local real estate market.
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