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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Pelkie, MI
$ 210,000
ROI
21.7
Cash Flow/m
113- - Bed
- - Bath
- 1650 sft
16372 Pelkie Rd, Pelkie, MI, 49958
Fix & Flip
$ 225,000
ROI
27.3Cash Flow/m
471- 3 Bed
- 3 Bath
- 1444 sft
11428 Us Highway 41, Pelkie, MI, 49958
$ 260,000
ROI
27.5Cash Flow/m
561- 4 Bed
- 2 Bath
- 1924 sft
11985 Highway M #38, Pelkie, MI, 49958
Airbnb Potential
$ 200,500
ROI
21.9Cash Flow/m
120- 1 Bed
- 1 Bath
- 824 sft
16728 Short Rd, Pelkie, MI, 49958
Why Invest in Pelkie, Michigan?
Investing in Pelkie, MI under $500K properties offers excellent opportunities for steady rental income and property appreciation. This market exhibits an average return on investment around 7%, with rental yields near 6%, driven by an increasing renter population of approximately 55%. Cap rates in this price range stay healthy at about 8%, supporting positive cash flow for investors. The area's affordability attracts a stable tenant base seeking quality housing options within budget.
7%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$450/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Most properties under $500K in Pelkie include single-family homes and small multi-family units. These options are suitable for both rental investments and owner-occupied residences.
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