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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
Rental Income
Listed for sale 5 days ago
$ 484,900
ROI
24.5
Cash Flow/m
640- 4 Bed
- 4 Bath
- 3737 sft
16186 N 200th Ave, Leroy, MI, 49655
Listed for sale 6 days ago
$ 265,000
ROI
27.5Cash Flow/m
573- 3 Bed
- 2 Bath
- 1744 sft
21630 Thirteen Mile Rd, Leroy, MI, 49655
$ 280,000
ROI
28.6Cash Flow/m
687- 4 Bed
- 2 Bath
- 2100 sft
15971 Penesal Rd, Leroy, MI, 49655
Fix & Flip
$ 249,900
ROI
25.7Cash Flow/m
414- 2 Bed
- 2 Bath
- 1125 sft
229 Forest Trl, 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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