Under $500K Investment Properties for Sale in Houghton Lake Heights, MI
120- 3 Bed
- 2 Bath
- 1426 sft
136- 3 Bed
- 2 Bath
- 1592 sft
104- 3 Bed
- 1 Bath
- 1033 sft
111- 2 Bed
- 1 Bath
- 696 sft
95- 3 Bed
- 1 Bath
- 2100 sft
103- 4 Bed
- 2 Bath
- 1797 sft
135- 3 Bed
- 1 Bath
- 1110 sft
117- 2 Bed
- 1 Bath
- 1112 sft
105- 3 Bed
- 2 Bath
- 1232 sft
142- 3 Bed
- 2 Bath
- 1850 sft
131- 2 Bed
- 1 Bath
- 1143 sft
104- 2 Bed
- 1 Bath
- 924 sft
129- 2 Bed
- 2 Bath
- 1252 sft
138- 2 Bed
- 1 Bath
- 1020 sft
- 3 Bed
- 2 Bath
- 1275 sft
117- 2 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 704 sft
96- 2 Bed
- 1 Bath
- 672 sft
92- 1 Bed
- 1 Bath
- 700 sft
111- 2 Bed
- 1 Bath
- 937 sft
125- 3 Bed
- 2 Bath
- 1520 sft
133- 3 Bed
- 1 Bath
- 966 sft
133- 3 Bed
- 1 Bath
- 2120 sft
343- 5 Bed
- 3 Bath
- 1810 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
