Under $200K Investment Properties for Sale in Leonard, MI
187- 5 Bed
- 1 Bath
- 1517 sft
135- 2 Bed
- 1 Bath
- 800 sft
154- 4 Bed
- 2 Bath
- 1524 sft
137- 3 Bed
- 1 Bath
- 1718 sft
-- 3 Bed
- 2 Bath
- 1200 sft
129- 3 Bed
- 1 Bath
- 1210 sft
102- 3 Bed
- 2 Bath
- 1008 sft
119- 2 Bed
- 1 Bath
- 1336 sft
127- 3 Bed
- 1 Bath
- 860 sft
128- 3 Bed
- 1 Bath
- 1043 sft
125- 2 Bed
- 1 Bath
- 1100 sft
104- 2 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 882 sft
-- 1 Bed
- 1 Bath
- 384 sft
140- 3 Bed
- 2 Bath
- 1344 sft
117- 4 Bed
- 2 Bath
- 1188 sft
127- 2 Bed
- 1 Bath
- 1129 sft
117- 3 Bed
- 1 Bath
- 1270 sft
102- 3 Bed
- 1 Bath
- - sft
104- 3 Bed
- 1 Bath
- 960 sft
- 3 Bed
- 2 Bath
- 1248 sft
- 1 Bed
- 1 Bath
- 707 sft
94- 2 Bed
- 2 Bath
- 896 sft
118- 3 Bed
- 2 Bath
- 1360 sft
99- 2 Bed
- 1 Bath
- 804 sft
112- 2 Bed
- 1 Bath
- 780 sft
124- 2 Bed
- 1 Bath
- 660 sft
Why Invest in Leonard, Michigan?
Investing in Leonard, MI properties under $200k offers a unique opportunity to access affordable real estate in a growing market. With an average ROI around 7%, investors benefit from a healthy rental yield near 8%. The cap rate of approximately 6.5% combined with average cash flow of $750 per month supports strong income potential. Leonard's affordable housing and steady appreciation of 3% annually make it attractive for both new and seasoned investors focused on cash flow and long-term growth.
Frequently Asked Questions
Properties under $200k in Leonard typically include single-family homes and small multi-family units. These are ideal for investors targeting affordable entry points with solid rental income potential.
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