Under $500K Investment Properties for Sale in Elsie, MI
$ 148,500
ROI
23.8
Cash Flow/m
167- 3 Bed
- 2 Bath
- 1015 sft
342 E Main St, Elsie, MI, 48831
Fix & Flip
$ 139,000
ROI
24.0Cash Flow/m
164- 3 Bed
- 1 Bath
- 1332 sft
5353 N Watson Rd, Elsie, MI, 48831
$ 254,900
ROI
22.9Cash Flow/m
226- 2 Bed
- 2 Bath
- 1808 sft
5220 N Saint Clair Rd, Elsie, MI, 48831
$ 200,000
ROI
25.5Cash Flow/m
319- 2 Bed
- 2 Bath
- 1179 sft
15120 S Merrill Rd, Elsie, MI, 48831
Why Invest in Elsie, Michigan?
Investing in Elsie, MI properties under $500K offers an affordable entry into a stable market with promising rental yields. The average ROI hovers around 7.5%, supported by a cap rate near 6%, indicating healthy income potential. Rental yields average 8.2%, with consistent appreciation rates of 3.5% annually. The renter-occupied rate of 55% suggests a strong rental demand in this community. Average monthly rent sits around $950, providing steady cash flow for investors seeking moderate investment properties.
7.5%
Avg. ROI
8.2%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Properties under $500K in Elsie primarily include single-family homes and small multifamily units, offering good rental potential for investors.
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