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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Elsie, MI
Listed for sale 1 day ago
$ 200,000
ROI
25.5
Cash Flow/m
319- 2 Bed
- 2 Bath
- 1179 sft
15120 S Merrill Rd, Elsie, MI, 48831
$ 239,900
ROI
22.6Cash Flow/m
193- 4 Bed
- 1 Bath
- 1593 sft
6749 N Saint Clair Rd, Elsie, MI, 48831
$ 259,000
ROI
21.9Cash Flow/m
152- 3 Bed
- 1 Bath
- 1319 sft
6058 N Meridian Rd, Elsie, MI, 48831
$ 249,900
ROI
26.6Cash Flow/m
475- 3 Bed
- 3 Bath
- 1600 sft
9201 W Riley Rd, Elsie, MI, 48831
Why Invest in Elsie, Michigan?
Investing in Elsie, MI under $300k properties presents a solid opportunity for steady rental income and moderate appreciation. The area's average cap rate of 7.0% and rental yield of 6.5% indicate favorable returns. With an average ROI of 8.2% and positive cash flow metrics, Elsie attracts investors seeking affordable real estate in Michigan. The renter-occupied rate near 52% points to a stable rental market supported by the local economy.
8.2%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Elsie is around 6.5%, indicating solid income potential for investors.
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