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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Leonidas, MI
Airbnb Potential
Listed for sale 4 days ago
$ 190,000
ROI
21.2
Cash Flow/m
74- 1 Bed
- 1 Bath
- 856 sft
51310 Shorts Rd, Leonidas, MI, 49066
$ 260,000
ROI
25.4Cash Flow/m
411- 3 Bed
- 3 Bath
- 1664 sft
53140 Fulton Rd, Leonidas, MI, 49066
$ 119,900
ROI
23.4Cash Flow/m
122- 4 Bed
- 2 Bath
- 1647 sft
53170 Fulton Rd, Leonidas, MI, 49066
$ 107,700
ROI
24.0Cash Flow/m
126- 3 Bed
- 1 Bath
- 1662 sft
53441 Fulton Rd, Leonidas, MI, 49066
Why Invest in Leonidas, Michigan?
Investing in Leonidas, MI under $500k offers a balanced opportunity for real estate investors seeking affordability and good returns. The area features a solid average rental yield of 6.5% with cap rates around 7%. Appreciation rates near 3.2% reflect steady property value growth. Investors benefit from average monthly cash flow of approximately $450 and a renter-occupied rate close to 65%, making it a stable market for rental investments.
8.5%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$450/mo
Avg. Cash Flow
$875/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Leonidas typically include single-family homes and some smaller multifamily units. This price range is attractive for investors looking for affordable entry points with solid rental demand.
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