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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Mount Pleasant, MI
Listed for sale today
$ 159,900
ROI
24.6
Cash Flow/m
216- 3 Bed
- 2 Bath
- 1288 sft
302 S Pine St, Mount Pleasant, MI, 48858
$ 130,000
ROI
25.1Cash Flow/m
193- 2 Bed
- 1 Bath
- 912 sft
6515 W Broomfield Rd, Mount pleasant, MI, 48858
Rental Income
Listed for sale today
$ 120,000
ROI
24.2Cash Flow/m
150- 2 Bed
- 1 Bath
- 790 sft
1311 Granger St, Mount Pleasant, MI, 48858
$ 199,900
ROI
24.3Cash Flow/m
254- - Bed
- - Bath
- - sft
S Lincoln Rd, Mount pleasant, MI, 48858
Why Invest in Mount Pleasant, Michigan?
Investing in Mount Pleasant, MI under $500k offers a balanced opportunity for real estate investors targeting affordable properties. This city benefits from a growing renter population, with a renter occupancy rate nearing 55%, supporting steady demand. Average rental yields hover around 7%, complemented by cap rates near 6%, making cash flow positive investments common. Appreciation rates are moderate, ensuring long term value gains in a city supported by strong local employment and university presence.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Mount Pleasant is around 7%, making it an attractive market for investment properties.
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