Under $500K Investment Properties for Sale in Presque Isle, MI
$ 305,000
ROI
21.1
Cash Flow/m
111- 3 Bed
- 2 Bath
- 1462 sft
15262 Us Highway 23 S, Presque Isle, MI, 49777
$ 225,000
ROI
25.3Cash Flow/m
348- 3 Bed
- 2 Bath
- 1110 sft
16010 Pine St, Presque Isle, MI, 49777
$ 194,500
ROI
28.6Cash Flow/m
479- 3 Bed
- 1 Bath
- 1205 sft
6471 Brentwood Ct, Presque Isle, MI, 49777
$ 274,900
ROI
21.7Cash Flow/m
150- 2 Bed
- 1 Bath
- 780 sft
10350 White Birch St, Presque Isle, MI, 49777
Why Invest in Presque Isle, Michigan?
Investment properties under $500k in Presque Isle, MI present diverse opportunities for real estate investors. This area offers an average ROI of 8% with solid rental yields near 7%, making it ideal for steady cash flow. The cap rate hovers around 6.5%, supported by reasonable average rents and healthy appreciation potential driven by local economic growth. About 68% of housing units are renter-occupied, reflecting a strong tenant base in this market.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$750/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for investment properties under $500k in Presque Isle is around 8%, supported by stable rental yields and appreciation.
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