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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Interlochen, MI
Listed for sale 6 days ago
$ 364,000
ROI
23.2
Cash Flow/m
345- 4 Bed
- 2 Bath
- 1101 sft
2940 Artist Ave, Interlochen, MI, 49643
$ 314,500
ROI
22.9Cash Flow/m
273- 2 Bed
- 2 Bath
- 864 sft
880 Cedar Trl, Interlochen, MI, 49643
$ 295,000
ROI
28.5Cash Flow/m
715- 3 Bed
- 2 Bath
- 1144 sft
2783 Lake Ann Rd, Interlochen, MI, 49643
$ 275,000
ROI
22.2Cash Flow/m
186- 2 Bed
- 1 Bath
- 864 sft
1386 S South Long Lake Rd, Interlochen, MI, 49643
Why Invest in Interlochen, Michigan?
Investing in Interlochen, MI properties under $500k offers great potential for steady rental income in a growing recreational region. This market exhibits an average ROI of 7.5% with rental yields around 8.2%, supported by a cap rate of 6.4%. Average cash flow for rentals stands near $320 per month, with average rents about $850 monthly. Appreciation rates are moderate at 3.5%, and a renter occupancy of 58% reflects consistent demand from seasonal and year-round tenants.
7.5%
Avg. ROI
8.2%
Rental Yield
6.4%
Cap Rate
$320/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Properties under $500k primarily include single-family homes and small condos, suitable for rental investments or seasonal residences.
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