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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Harsens Island, MI
$ 289,900
ROI
20.0
Cash Flow/m
23- 2 Bed
- 2 Bath
- 1235 sft
374 Monroe Blvd, Harsens Island, MI, 48028
$ 198,200
ROI
22.0Cash Flow/m
126- - Bed
- - Bath
- - sft
S Channel Dr, Harsens island, MI, 48028
$ 178,500
ROI
24.6Cash Flow/m
242- 3 Bed
- 2 Bath
- 2390 sft
3030 Donald Ave, Harsens Island, MI, 48028
Rental Income
$ 155,000
ROI
25.0Cash Flow/m
225- 2 Bed
- 1 Bath
- 700 sft
2458 Cottage Ln, Harsens Island, MI, 48028
Why Invest in Harsens Island, Michigan?
Investing in Harsens Island, MI properties under $500k offers a unique opportunity to tap into a niche market with promising returns. This area boasts a solid average ROI of 7.2% and an attractive rental yield of approximately 6.5%. The cap rate stands at a competitive 5.8%, while average rental income is around $1,250 per month. Appreciation remains steady at 3.1%, supported by a renter-occupied rate of 48%, ideal for cautious investors seeking balanced cash flow.
7.2%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$550/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
Properties under $500k generally deliver an average ROI around 7.2%, with reliable rental yields near 6.5%. Investors can expect balanced cash flow given the island's rental demand.
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