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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Merritt, MI
Listed for sale 6 days ago
$ 234,900
ROI
31.7
Cash Flow/m
780- 3 Bed
- 1 Bath
- 1836 sft
2372 N Merritt Rd, Merritt, MI, 49667
$ 300,000
ROI
21.7Cash Flow/m
160- 3 Bed
- 2 Bath
- 1788 sft
8481 E Houghton Lake Rd, Merritt, MI, 49667
$ 174,900
ROI
24.3Cash Flow/m
223- 2 Bed
- 2 Bath
- 1408 sft
250 S Merritt Rd, Merritt, MI, 49667
$ 189,900
ROI
24.9Cash Flow/m
272- 3 Bed
- 2 Bath
- 1992 sft
5626 S Jeffs Rd APT B, Merritt, MI, 49667
Why Invest in Merritt, Michigan?
Investing in Merritt, MI offers unique opportunities for local real estate investors, especially in residential properties. The city boasts an average ROI of 6.2%, with rental yields around 8.5%, reflecting strong rental demand. Cap rates approximate 7.1%, while average cash flow is positive due to steady appreciation rates near 3.4% annually. Merritt's renter-occupied rate stands at 48%, indicating a balanced market ideal for investment growth.
6.2%
Avg. ROI
8.5%
Rental Yield
7.1%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.4%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Merritt, MI is approximately 8.5%, making it attractive for rental property investors.
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