Under $500K Investment Properties for Sale in Lewiston, MI
$ 189,900
ROI
23.6
Cash Flow/m
205- 3 Bed
- 2 Bath
- 1456 sft
5774 White Pine Dr, Lewiston, MI, 49756
$ 174,900
ROI
23.6Cash Flow/m
189- 4 Bed
- 1 Bath
- 2021 sft
4695 Salling Ave, Lewiston, MI, 49756
Airbnb Potential
$ 109,000
ROI
23.0Cash Flow/m
99- 3 Bed
- 1 Bath
- 1800 sft
4360 Buttles Rd, Lewiston, MI, 49756
$ 195,000
ROI
23.6Cash Flow/m
206- 3 Bed
- 2 Bath
- 1545 sft
6436 Big Wolf Lake Rd, Lewiston, MI, 49756
Why Invest in Lewiston, Michigan?
Investing in Lewiston, MI offers great opportunities under $500k, making it accessible for many real estate investors. The city has an average ROI of about 7%, with rental yields around 8%, indicating strong rental demand. Cap rates hover near 6%, while average cash flow remains positive, supporting steady income streams. Appreciation rates in the area show modest growth, ensuring long-term value retention. Approximately 40% of households are renter-occupied, demonstrating a solid tenant base.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Lewiston offers a mix of single-family homes, small multi-family units, and condominiums under $500k, suitable for both first-time and experienced investors.
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