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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Wells, MI
$ 170,000
ROI
24.8
Cash Flow/m
238- 2 Bed
- 1 Bath
- 1176 sft
6357 S 2nd St, Wells, MI, 49894
$ 155,000
ROI
24.8Cash Flow/m
219- 4 Bed
- 1 Bath
- 1741 sft
6305 S 3rd St, Wells, MI, 49894
$ 178,000
ROI
38.7Cash Flow/m
941- 3 Bed
- 1 Bath
- 1650 sft
5750 John 17.3 Ave #17.3, Wells, MI, 49894
$ 174,000
ROI
34.2Cash Flow/m
698- 3 Bed
- 2 Bath
- 1426 sft
6443 N 5th St, Wells, MI, 49894
Why Invest in Wells, Michigan?
Investing in Wells, MI properties under $200k offers a unique opportunity to enter an affordable market with strong rental demand. This price segment appeals to first-time investors focusing on steady rental yields and moderate cash flow. The area features an average rental yield of 7%, cap rates around 6.5%, and steady appreciation near 2.5%. With a renter-occupied rate above 50%, Wells presents potential for consistent returns while the local economy grows steadily.
7.2%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Rental yields typically run around 7% for properties under $200k in Wells, MI, making them attractive for investors seeking steady income.
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