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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Prudenville, MI
Listed for sale 3 days ago
$ 299,900
ROI
22.6
Cash Flow/m
240- 3 Bed
- 2 Bath
- 1500 sft
507 Chippewa Trl, Prudenville, MI, 48651
Listed for sale 3 days ago
$ 149,900
ROI
27.8Cash Flow/m
335- 1 Bed
- 1 Bath
- 608 sft
121 E Houghton Lake Dr, Prudenville, MI, 48651
Rental Income
$ 314,900
ROI
24.7Cash Flow/m
436- 3 Bed
- 3 Bath
- 1532 sft
2765 S Gladwin Rd, Prudenville, MI, 48651
$ 275,900
ROI
20.3Cash Flow/m
43- 3 Bed
- 2 Bath
- 1369 sft
136 Edgewood Dr, Prudenville, MI, 48651
Why Invest in Prudenville, Michigan?
Investing in Prudenville, MI properties under $500k offers a unique opportunity to tap into a growing market with solid rental yields and attractive cap rates. The region's average rental yield is 7%, complemented by a cap rate of 6.5%, ensuring steady income. Average cash flow remains positive while appreciation rates hover around 3% annually. Prudenville maintains a renter-occupied rate near 40%, underscoring a steady demand for rentals. This makes it an appealing spot for investors focusing on mid-range priced properties.
7%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Prudenville is approximately 7%, making it a solid market for rental income investors.
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