Under $500K Investment Properties for Sale in Alma, MI
Listed for sale 1 day ago
$ 299,043
ROI
23.4
Cash Flow/m
303- 3 Bed
- 2 Bath
- 1715 sft
569 Charles Ave, Alma, MI, 48801
Listed for sale 3 days ago
$ 269,000
ROI
23.5Cash Flow/m
278- 3 Bed
- 2 Bath
- 1682 sft
4325 W Tyler Rd, Alma, MI, 48801
$ 169,900
ROI
26.9Cash Flow/m
338- 3 Bed
- 1 Bath
- 1192 sft
1519 Eastward St, Alma, MI, 48801
$ 189,900
ROI
23.4Cash Flow/m
194- 3 Bed
- 2 Bath
- 1124 sft
514 Brown 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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