Under $200K Investment Properties for Sale in Wallace, MI
573- 3 Bed
- 1 Bath
- 1020 sft
140- 3 Bed
- 2 Bath
- 1450 sft
159- 2 Bed
- 2 Bath
- 1216 sft
115- 3 Bed
- 1 Bath
- 2100 sft
105- 4 Bed
- 2 Bath
- 1797 sft
135- 3 Bed
- 1 Bath
- 1110 sft
109- 5 Bed
- 3 Bath
- 2061 sft
117- 2 Bed
- 1 Bath
- 1112 sft
105- 3 Bed
- 2 Bath
- 1232 sft
142- 3 Bed
- 2 Bath
- 1850 sft
131- 2 Bed
- 1 Bath
- 1143 sft
104- 2 Bed
- 1 Bath
- 924 sft
129- 2 Bed
- 2 Bath
- 1252 sft
138- 2 Bed
- 1 Bath
- 1020 sft
- 3 Bed
- 2 Bath
- 1275 sft
117- 2 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 704 sft
96- 2 Bed
- 1 Bath
- 672 sft
92- 1 Bed
- 1 Bath
- 700 sft
111- 2 Bed
- 1 Bath
- 937 sft
125- 3 Bed
- 2 Bath
- 1520 sft
133- 3 Bed
- 1 Bath
- 966 sft
133- 3 Bed
- 1 Bath
- 2120 sft
343- 5 Bed
- 3 Bath
- 1810 sft
128- 3 Bed
- 2 Bath
- 1600 sft
135- 3 Bed
- 1 Bath
- 1048 sft
125- 1 Bed
- 1 Bath
- 600 sft
Why Invest in Wallace, Michigan?
Investing in Wallace, MI properties under $200k presents unique opportunities for investors seeking affordable housing markets in Michigan. The area offers an average rental yield of 8%, with cap rates around 7%, supporting strong cash flows. Local appreciation rates hover near 3% annually, underscoring potential for moderate long-term growth. Renter-occupied units are approximately 55%, indicating steady rental demand. Wallace's housing affordability combined with these metrics makes it an attractive option for strategic real estate investments.
Frequently Asked Questions
Rental demand in Wallace is steady with a renter-occupied rate of approximately 55% and low vacancy rates around 5%. Affordable properties under $200k are sought after by young families and working professionals.
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