Under $500K Investment Properties for Sale in Morenci, MI
Listed for sale 7 days ago
$ 260,000
ROI
20.1
Cash Flow/m
25- 4 Bed
- 3 Bath
- 3505 sft
9615 Coomer St, Morenci, MI, 49256
$ 189,900
ROI
30.3Cash Flow/m
558- 3 Bed
- 1 Bath
- 1896 sft
218 Oak St, Morenci, MI, 49256
$ 199,000
ROI
28.4Cash Flow/m
478- 3 Bed
- 2 Bath
- 1275 sft
823 N Summit St, Morenci, MI, 49256
$ 250,000
ROI
32.0Cash Flow/m
851- 4 Bed
- 2 Bath
- 2395 sft
415 N East St, Morenci, MI, 49256
Why Invest in Morenci, Michigan?
Investing in Morenci, MI under $500k offers unique opportunities for real estate investors looking for affordable properties with solid returns. This market shows an average ROI of 8.5%, rental yields near 7%, and a cap rate of about 6%. Investors can expect average cash flow around $800 per month and reasonable appreciation prospects. With a renter-occupied rate of approximately 55%, Morenci presents a stable rental environment sourced from government data.
8.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Morenci is approximately 7%, based on government housing data and local market trends.
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