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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Wolverine Lake, MI
Listed for sale 3 days ago
$ 325,000
ROI
29.6
Cash Flow/m
892- 3 Bed
- 2 Bath
- 2750 sft
2388 Woodlawn St, Wolverine Lake, MI, 48390
$ 247,000
ROI
27.1Cash Flow/m
504- 3 Bed
- 1 Bath
- 904 sft
2363 Darnell St, Wolverine Lake, MI, 48390
$ 289,900
ROI
26.1Cash Flow/m
515- 3 Bed
- 2 Bath
- 2148 sft
2150 Benstein Rd, Wolverine Lake, MI, 48390
$ 454,000
ROI
24.5Cash Flow/m
601- 5 Bed
- 2 Bath
- 1814 sft
523 Glengary Rd, Wolverine Lake, MI, 48390
Why Invest in Wolverine Lake, Michigan?
Investing in Wolverine Lake, MI, under $500k offers an opportunity to enter a stable market with solid rental demand. The area shows an average ROI of 7%, supported by a rental yield of 6% and a cap rate near 5%. Average cash flow remains positive, with average rents around $1,200 monthly. Appreciation rates are steady at approximately 3% annually. The renter-occupied housing percentage indicates consistent tenant interest, making it an attractive location for income-focused investors.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Wolverine Lake is approximately 6%, making it a competitive market for investors seeking consistent income.
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