Under $200K Investment Properties for Sale in Wallace, MI
255- 3 Bed
- 1 Bath
- 1020 sft
140- 3 Bed
- 2 Bath
- 1450 sft
159- 2 Bed
- 2 Bath
- 1216 sft
137- 3 Bed
- 1 Bath
- 1718 sft
-- 3 Bed
- 2 Bath
- 1200 sft
129- 3 Bed
- 1 Bath
- 1210 sft
102- 3 Bed
- 2 Bath
- 1008 sft
119- 2 Bed
- 1 Bath
- 1336 sft
127- 3 Bed
- 1 Bath
- 860 sft
128- 3 Bed
- 1 Bath
- 1043 sft
125- 2 Bed
- 1 Bath
- 1100 sft
104- 2 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 882 sft
-- 1 Bed
- 1 Bath
- 384 sft
140- 3 Bed
- 2 Bath
- 1344 sft
117- 4 Bed
- 2 Bath
- 1188 sft
127- 2 Bed
- 1 Bath
- 1129 sft
117- 3 Bed
- 1 Bath
- 1270 sft
102- 3 Bed
- 1 Bath
- - sft
104- 3 Bed
- 1 Bath
- 960 sft
- 3 Bed
- 2 Bath
- 1248 sft
- 1 Bed
- 1 Bath
- 707 sft
94- 2 Bed
- 2 Bath
- 896 sft
118- 3 Bed
- 2 Bath
- 1360 sft
99- 2 Bed
- 1 Bath
- 804 sft
112- 2 Bed
- 1 Bath
- 780 sft
124- 2 Bed
- 1 Bath
- 660 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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