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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Luna Pier, MI
$ 400,000
ROI
28.5
Cash Flow/m
973- 4 Bed
- 4 Bath
- 4200 sft
11239 Harold Dr, Luna Pier, MI, 48157
$ 199,900
ROI
24.3Cash Flow/m
250- 2 Bed
- 2 Bath
- 1008 sft
803 Catalina Cv, Luna Pier, MI, 48157
$ 212,000
ROI
21.1Cash Flow/m
81- 2 Bed
- 2 Bath
- 1008 sft
216 Beachwalk Trl, Luna Pier, MI, 48157
Airbnb Potential
$ 174,900
ROI
24.3Cash Flow/m
223- 5 Bed
- 2 Bath
- 1814 sft
4341 S 8th St, Luna Pier, MI, 48157
Why Invest in Luna Pier, Michigan?
Investing in Luna Pier, MI, with properties under $500k offers a strategic opportunity in a growing market. This area demonstrates a solid average ROI of 7%, with rental yields around 6%, making it favorable for income-focused investors. The cap rate is competitive at approximately 8%, complemented by average cash flows near $400 monthly. Appreciation rates remain steady at 3%, supported by a renter-occupied share of about 55%, ensuring consistent demand.
7%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Luna Pier for properties under $500k is approximately 6%, driven by steady rental demand and affordable home prices.
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