Under $500K Investment Properties for Sale in Leroy, MI
Listed for sale 3 days ago
$ 184,900
ROI
23.4
Cash Flow/m
185- 5 Bed
- 2 Bath
- 2180 sft
14864 Mackinaw Trl, Leroy, MI, 49655
$ 184,500
ROI
30.1Cash Flow/m
529- 3 Bed
- 2 Bath
- 1500 sft
128 W Ridge Cir, Leroy, MI, 49655
$ 184,900
ROI
30.9Cash Flow/m
571- 3 Bed
- 2 Bath
- 1300 sft
124 Osceola Ledge, Leroy, MI, 49655
$ 117,900
ROI
23.8Cash Flow/m
133- 3 Bed
- 1 Bath
- 1152 sft
186 Hills Cir, 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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