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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 4 days ago
$ 149,900
ROI
23.4
Cash Flow/m
153- 3 Bed
- 2 Bath
- 1300 sft
707 N Republic Ave, Alma, MI, 48801
$ 139,043
ROI
24.0Cash Flow/m
165- 2 Bed
- 2 Bath
- 1134 sft
417 Washington Ave, Alma, MI, 48801
$ 139,900
ROI
23.3Cash Flow/m
139- 3 Bed
- 1 Bath
- 1152 sft
136 W Elizabeth St, Alma, MI, 48801
$ 360,000
ROI
20.7Cash Flow/m
96- 5 Bed
- 2 Bath
- 2800 sft
737 N 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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