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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Essexville, MI
Listed for sale 1 day ago
$ 159,900
ROI
24.2
Cash Flow/m
197- 2 Bed
- 2 Bath
- 1356 sft
1215 N Scheurmann Rd, Essexville, MI, 48732
Listed for sale 2 days ago
$ 169,000
ROI
24.2Cash Flow/m
208- 3 Bed
- 1 Bath
- 1389 sft
705 Burns St, Essexville, MI, 48732
$ 237,900
ROI
24.5Cash Flow/m
316- 4 Bed
- 2 Bath
- 1716 sft
1506 Mercer St, Essexville, MI, 48732
$ 129,900
ROI
31.8Cash Flow/m
435- 2 Bed
- 1 Bath
- 800 sft
303 Marshall St, Essexville, MI, 48732
Why Invest in Essexville, Michigan?
Investing in Essexville, MI under $500k offers a promising opportunity with an average ROI of 7%, attractive cap rates around 6%, and a rental yield of 8%. The local market features steady appreciation rates near 3% annually, and consistent cash flow averaging $700 monthly. This affordable segment appeals to investors targeting renter-occupied properties in a growing community influenced by stable economic fundamentals and expanding housing demand.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$700/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Essexville mainly consist of single-family homes and smaller multi-family units. These are ideal for investors seeking steady rental income in an affordable market.
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