Under $500K Investment Properties for Sale in Michigan City, IN

Property at 114 Trunk Ct, Michigan City, IN
Listed for sale 1 day ago
$ 179,900
ROI
26.3ROI percentage
Cash Flow/m
Dollar sign326
  • 2 Bed
  • 2 Bath
  • 1014 sft
114 Trunk Ct, Michigan City, IN, 46360
Property at 440 Pleasant Ave, Michigan city, IN
$ 119,900
ROI
26.2ROI percentage
Cash Flow/m
Dollar sign216
  • 2 Bed
  • 1 Bath
  • 1016 sft
440 Pleasant Ave, Michigan city, IN, 46360
Property at 138 Memorial Dr, Michigan City, IN
Listed for sale 4 days ago
$ 124,900
ROI
26.3ROI percentage
Cash Flow/m
Dollar sign226
  • - Bed
  • - Bath
  • - sft
138 Memorial Dr, Michigan City, IN, 46360
Property at 1632 N 500 E, Michigan city, IN
$ 199,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign68
  • - Bed
  • - Bath
  • - sft
1632 N 500 E, 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.

Find Your Perfect Investment Property in Michigan City, Indiana

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