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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Wells, MI
$ 170,000
ROI
24.8
Cash Flow/m
238- 2 Bed
- 1 Bath
- 1176 sft
6357 S 2nd St, Wells, MI, 49894
$ 155,000
ROI
24.8Cash Flow/m
219- 4 Bed
- 1 Bath
- 1741 sft
6305 S 3rd St, Wells, MI, 49894
$ 178,000
ROI
38.7Cash Flow/m
941- 3 Bed
- 1 Bath
- 1650 sft
5750 John 17.3 Ave #17.3, Wells, MI, 49894
$ 238,000
ROI
25.5Cash Flow/m
377- 3 Bed
- 1 Bath
- 1184 sft
6684 N 3rd St, Wells, MI, 49894
Why Invest in Wells, Michigan?
Investing in Wells, MI under $300k offers affordable entry into a stable real estate market. The city's average rental yield of 7.5% and cap rate of 6.2% make it attractive for rental property investors. Appreciation rates of 3% annually and average cash flow near $1,200 per unit provide steady income potential. The renter-occupied rate stands at 54%, indicating consistent tenant demand in this region. Leveraging these metrics can optimize your investment returns in Wells.
8%
Avg. ROI
7.5%
Rental Yield
6.2%
Cap Rate
$1200/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Wells primarily include single-family homes and some duplexes, often suitable for rental investments due to affordable pricing and steady rental demand.
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