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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Leroy, MI
$ 279,000
ROI
19.9
Cash Flow/m
9- 2 Bed
- 1 Bath
- 1200 sft
11932 E Three Mile Rd, Leroy, MI, 49655
$ 169,900
ROI
26.9Cash Flow/m
336- 3 Bed
- 2 Bath
- 1104 sft
11387 210th Ave, Leroy, MI, 49655
$ 154,900
ROI
27.8Cash Flow/m
348- 5 Bed
- 3 Bath
- 2618 sft
138 W Ridge Cir, Leroy, MI, 49655
$ 195,000
ROI
24.9Cash Flow/m
279- 3 Bed
- 2 Bath
- 1000 sft
323 Eastland Dr, Leroy, MI, 49655
Why Invest in Leroy, Michigan?
Investing in Leroy, MI properties priced under $500k presents a stable opportunity fueled by steady appreciation and solid rental yields. This segment offers an average ROI of 7.5%, a healthy cap rate around 6.2%, and consistent cash flow averaging $850 monthly. The renter-occupied rate remains strong at 65%, indicating solid demand for rental housing in this area. Market fundamentals support long-term value growth and steady rental income for investors.
7.5%
Avg. ROI
8%
Rental Yield
6.2%
Cap Rate
$850/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Leroy generally include single-family homes, townhouses, and smaller multifamily units ideal for investors seeking stable rental income.
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