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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Watersmeet, MI
Listed for sale 2 days ago
$ 195,000
ROI
28.1
Cash Flow/m
454- 2 Bed
- 1 Bath
- 960 sft
N1776 E Duck Lake Rd, Watersmeet, MI, 49969
Listed for sale 4 days ago
$ 122,500
ROI
24.3Cash Flow/m
156- 3 Bed
- 1 Bath
- 1600 sft
23954 Old Highway 2 E, Watersmeet, MI, 49969
Motivated Seller
$ 189,000
ROI
29.1Cash Flow/m
494- 3 Bed
- 2 Bath
- 1344 sft
4794 Crozer St, Watersmeet, MI, 49969
$ 129,000
ROI
27.4Cash Flow/m
273- 1 Bed
- 1 Bath
- 1098 sft
4772 Cannon St, Watersmeet, MI, 49969
Why Invest in Watersmeet, Michigan?
Investing in Watersmeet, MI under $500k presents a great opportunity to enter a growing market with solid rental demand. The area shows an average rental yield of 7%, supported by a cap rate of 6.5%, making it attractive for stable cash flow. With an average ROI of 8% and steady 2% annual appreciation, investors benefit from balanced growth and income. Watersmeet's renter-occupied rate near 45% underscores a sustainable tenant base in the region.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Properties under $500k typically include single-family homes and small cottages, many suited for rental or vacation purposes. The market favors investors looking for affordable entry points in a rural, scenic area.
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