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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Alma, MI
Listed for sale 2 days ago
$ 282,000
ROI
23.3
Cash Flow/m
274- 4 Bed
- 2 Bath
- 2123 sft
189 Westview Dr, Alma, MI, 48801
Listed for sale 4 days ago
$ 134,000
ROI
24.4Cash Flow/m
173- 4 Bed
- 1 Bath
- 1348 sft
601 N River Ave, Alma, MI, 48801
$ 245,000
ROI
23.7Cash Flow/m
267- 3 Bed
- 2 Bath
- 2013 sft
209 Westview Dr, Alma, MI, 48801
$ 142,000
ROI
27.5Cash Flow/m
307- 2 Bed
- 1 Bath
- 1073 sft
321 S State St, Alma, MI, 48801
Why Invest in Alma, Michigan?
Investing in Alma, MI properties under $500k offers an excellent opportunity to capitalize on affordable entry points in a growing local market. With an average rental yield of 7.5% and cap rates around 6%, investors benefit from steady cash flow. The area's average ROI hovers near 8%, supported by a renter-occupied rate of 45%, indicating a consistent rental demand. Appreciation trends of about 3% annually point to gradual but reliable property value increases.
8%
Avg. ROI
7.5%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Alma often include single-family homes and small multi-family units, making them accessible options for investors seeking rental income.
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