Under $500K Investment Properties for Sale in Elwell, MI
$ 290,000
ROI
19.8
Cash Flow/m
2- 3 Bed
- 2 Bath
- 1712 sft
5478 N Bliss Rd, Elwell, MI, 48832
$ 175,000
ROI
24.6Cash Flow/m
237- 3 Bed
- 1 Bath
- 1280 sft
10981 Madison Rd, Elwell, MI, 48832
$ 182,500
ROI
28.7Cash Flow/m
455- 5 Bed
- 2 Bath
- 1225 sft
6348 Pingree Rd, Elwell, MI, 48832
$ 239,000
ROI
25.8Cash Flow/m
400- 3 Bed
- 2 Bath
- 1869 sft
6264 Wildwood Dr, Elwell, MI, 48832
Why Invest in Elwell, Michigan?
Investing in Elwell, MI under $500k offers a strategic entry into a growing Michigan market with stable rental demand. The region's avg ROI of 7.1% and cap rates near 6.2% highlight healthy returns for investors focused on attainable price points. Rental yields of 8.4% and steady appreciation around 3.5% underscore the area's potential. Cash flow averages $275 monthly while renter occupancy remains strong at 68%, reflecting consistent tenant interest.
7.1%
Avg. ROI
8.4%
Rental Yield
6.2%
Cap Rate
$275/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Elwell typically yield an average ROI of 7.1% with rental yields around 8.4%, making them attractive for steady income and appreciation potential.
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