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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Michigan City, IN
Listed for sale 1 day ago
$ 150,000
ROI
29.8
Cash Flow/m
418- 2 Bed
- 1 Bath
- 864 sft
128 Grace St, Michigan City, IN, 46360
Listed for sale 4 days ago
$ 119,900
ROI
26.2Cash Flow/m
216- 2 Bed
- 1 Bath
- 1016 sft
440 Pleasant Ave, Michigan city, IN, 46360
Listed for sale 1 day ago
$ 459,000
ROI
25.1Cash Flow/m
677- 3 Bed
- 3 Bath
- 2776 sft
213 Kenwood Pl, Michigan City, IN, 46360
$ 180,000
ROI
23.2Cash Flow/m
171- 3 Bed
- 2 Bath
- 1800 sft
1034 Woodlawn Ave, Michigan city, IN, 46360
Why Invest in Michigan City, Indiana?
Investing in Michigan City, IN, under $500k opens doors to significant opportunities in a vibrant area. The city boasts a strong rental market with an average cap rate of 7% and a rental yield of around 8%, making it an attractive choice for investors. Additionally, the average cash flow is estimated to be $400 per month, supported by a growing job market and favorable economic conditions.
12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent in Michigan City is approximately $1,200 per month, providing a robust rental yield for investors.
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