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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Leonard, MI
$ 360,000
ROI
22.6
Cash Flow/m
289- 3 Bed
- 2 Bath
- 1800 sft
4590 Secord Lake Rd, Leonard, MI, 48367
Fix & Flip
$ 157,000
ROI
24.0Cash Flow/m
184- 2 Bed
- 1 Bath
- 776 sft
1721 Moffat, Leonard, MI, 48367
$ 500,000
ROI
30.3Cash Flow/m
1472- 4 Bed
- 3 Bath
- 2961 sft
2168 Lake George Rd, Leonard, MI, 48367
$ 275,000
ROI
27.8Cash Flow/m
617- 3 Bed
- 1 Bath
- 1875 sft
88 E Elmwood Ave, Leonard, MI, 48367
Why Invest in Leonard, Michigan?
Investing in Leonard, MI properties under $500K offers a promising opportunity in a growing market. This filter highlights affordable homes with solid average ROI of 7.2%, rental yield near 8%, and cap rates around 6%. Leonard benefits from steady average cash flow of $450 monthly and average rent of $1300, supported by a renter occupancy rate of 62%. The appreciation in this area is moderate at 3.5%, making it an attractive choice for cautious investors.
7.2%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Most properties priced under $500K in Leonard include single-family homes and smaller multifamily units. These are well-suited for rental investments and first-time buyers.
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