Under $500K Investment Properties for Sale in Ellsworth, MI

Investing in Ellsworth, MI properties under $500k presents a unique opportunity for real estate investors seeking stable returns in a small city setting. The under $500k market offers competitive cap rates averaging around 6%, with steady rental yields near 8%. Average cash flow remains positive, supported by average rents of approximately $1,100 per month. Renter occupancy rates in Ellsworth are favorable at about 65%, reflecting consistent demand in this price range. The area's property appreciation is moderate, making it a balanced choice for both short-term cash flow and long-term growth.