Under $500K Investment Properties for Sale in Houghton Lake Heights, MI
448- 2 Bed
- 1 Bath
- 700 sft
100- 3 Bed
- 2 Bath
- 1050 sft
128- 2 Bed
- 1 Bath
- 1081 sft
139- 3 Bed
- 2 Bath
- 1248 sft
137- 2 Bed
- 1 Bath
- 884 sft
92- 2 Bed
- 1 Bath
- 1045 sft
114- 4 Bed
- 2 Bath
- 825 sft
103- 2 Bed
- 1 Bath
- 924 sft
- 3 Bed
- 2 Bath
- 1600 sft
137- 2 Bed
- 1 Bath
- 666 sft
122- 3 Bed
- 1 Bath
- 1800 sft
144- 3 Bed
- 1 Bath
- 1344 sft
94- 3 Bed
- 1 Bath
- 1010 sft
109- - Bed
- - Bath
- - sft
131- 3 Bed
- 3 Bath
- 1023 sft
108- 2 Bed
- 1 Bath
- 720 sft
127- 6 Bed
- 2 Bath
- 2388 sft
- 2 Bed
- 2 Bath
- 930 sft
109- 3 Bed
- 2 Bath
- 1296 sft
143- 3 Bed
- 1 Bath
- 1000 sft
145- 2 Bed
- 1 Bath
- 720 sft
128- 3 Bed
- 1 Bath
- 1485 sft
141- 2 Bed
- 1 Bath
- 1080 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
140- 2 Bed
- 1 Bath
- 804 sft
Why Invest in Houghton Lake Heights, Michigan?
Investing in Houghton Lake Heights, MI properties under $500k offers a unique opportunity to capitalize on affordable housing with strong rental demand. This area boasts an average ROI of 7%, a rental yield of 6.5%, and an appreciated cap rate of 5%. Cash flow averages $350 monthly and median rents hover near $900, making it attractive for income-focused investors. Renter occupancy remains stable at 65%, reflecting a healthy tenant market supported by local economic growth.
Frequently Asked Questions
Properties under $500k typically include single-family homes, small multi-family properties, and some condominiums. These options are ideal for investors seeking affordable entry points with solid rental demand.
Find Your Perfect Investment Property in Houghton Lake Heights, Michigan
Explore investment opportunities by strategy, performance, or property type
