Under $500K Investment Properties for Sale in Lake Leelanau, MI
$ 355,000
ROI
21.4
Cash Flow/m
159- 3 Bed
- 3 Bath
- 2652 sft
6478 E Duck Lake Rd, Lake Leelanau, MI, 49653
$ 299,000
ROI
27.8Cash Flow/m
668- - Bed
- - Bath
- - sft
0 E Philip St #1949877, Lake Leelanau, MI, 49653
$ 299,000
ROI
27.8Cash Flow/m
668- - Bed
- - Bath
- - sft
0 E Philip St, Lake Leelanau, MI, 49653
$ 348,500
ROI
23.3Cash Flow/m
342- 1 Bed
- 1 Bath
- 1561 sft
116 W Meinard St, Lake Leelanau, MI, 49653
Why Invest in Lake Leelanau, Michigan?
Investing in Lake Leelanau, MI properties under $500k offers a unique opportunity to capitalize on the area's steady appreciation and attractive rental yield. This market shows an average ROI of 6.2%, with cap rates around 5.8% for affordable homes. The average rent is $1,200, providing consistent cash flow for investors in this scenic region. Stable renter-occupied rates and moderate appreciation make Lake Leelanau appealing for long-term real estate investment.
6.2%
Avg. ROI
7%
Rental Yield
5.8%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Lake Leelanau typically yield an average ROI of around 6.2% with steady rental income and moderate appreciation potential.
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