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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 properties under $500k offers a unique opportunity to tap into a growing market with strong rental demand. This pricing filter highlights affordable entry points with solid cap rates averaging around 7%, ensuring attractive rental yields near 9%. Average rental prices support stable cash flow for investors, while appreciation rates near 3% annually reflect a healthy market growth. The renter-occupied ratio remains high, indicating a consistent tenant pool bolstered by local economic activity.
8.5%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Merritt offer an average rental yield of approximately 9%, making them attractive for steady rental income.
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