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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Presque Isle, MI
Listed for sale 1 day ago
$ 419,000
ROI
20.4
Cash Flow/m
79- 3 Bed
- 2 Bath
- 1560 sft
17561 Grand Lake Blvd, Presque Isle, MI, 49777
Listed for sale 4 days ago
$ 289,900
ROI
21.9Cash Flow/m
175- 3 Bed
- 2 Bath
- 2148 sft
24289 Us Highway 23 S, Presque Isle, MI, 49777
$ 119,900
ROI
23.7Cash Flow/m
130- 1 Bed
- 2 Bath
- 600 sft
19340 Us Highway 23 S, Presque Isle, MI, 49777
$ 162,000
ROI
23.5Cash Flow/m
170- 3 Bed
- 1 Bath
- 922 sft
6471 Laurelhill Cir, 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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