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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Elwell, MI
Listed for sale 4 days ago
$ 182,500
ROI
28.7
Cash Flow/m
455- 5 Bed
- 2 Bath
- 1225 sft
6348 Pingree Rd, Elwell, MI, 48832
$ 285,000
ROI
21.0Cash Flow/m
97- 3 Bed
- 2 Bath
- 1869 sft
6264 Wildwood Dr, Elwell, MI, 48832
$ 139,900
ROI
24.4Cash Flow/m
181- 3 Bed
- 2 Bath
- 1064 sft
6189 Wildwood Dr, Elwell, MI, 48832
$ 115,000
ROI
23.6Cash Flow/m
124- 4 Bed
- 2 Bath
- 1318 sft
6612 Hillsinger St, 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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