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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Saranac, MI
Listed for sale 7 days ago
$ 279,900
ROI
20.4
Cash Flow/m
48- 2 Bed
- 2 Bath
- 960 sft
3708 Pine Ln, Saranac, MI, 48881
$ 149,900
ROI
24.4Cash Flow/m
193- 3 Bed
- 1 Bath
- 1288 sft
86 S Vosper St, Saranac, MI, 48881
$ 199,000
ROI
23.0Cash Flow/m
178- 2 Bed
- 1 Bath
- 948 sft
68 Dewitt St, Saranac, MI, 48881
$ 245,900
ROI
21.3Cash Flow/m
105- 3 Bed
- 2 Bath
- 1300 sft
187 Washington St, Saranac, MI, 48881
Why Invest in Saranac, Michigan?
Investing in Saranac, MI, under $500k offers a unique opportunity to capitalize on the city's affordable housing market and growing rental demand. With an average ROI of 7.2% and a solid cap rate around 6.5%, investors can expect consistent cash flow. The rental yield of 9% and average rent near $1,000 ensures competitive returns driven by a renter-occupied rate exceeding 50%. Appreciation remains steady at about 3%, reflecting stable economic conditions in the region.
7.2%
Avg. ROI
9%
Rental Yield
6.5%
Cap Rate
$400/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Saranac offers a variety of residential properties under $500k including single-family homes, duplexes, and small multi-family units, suitable for both owner-occupants and investors.
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