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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Applegate, MI
Listed for sale 4 days ago
$ 199,900
ROI
21.8
Cash Flow/m
113- 3 Bed
- 1 Bath
- 1300 sft
2649 S Sherman Rd, Applegate, MI, 48401
$ 264,500
ROI
23.7Cash Flow/m
290- 3 Bed
- 2 Bath
- 1444 sft
4590 Main Rd, Applegate, MI, 48401
Airbnb Potential
$ 120,000
ROI
23.3Cash Flow/m
119- 2 Bed
- 1 Bath
- 720 sft
7171 Suerwier Rd, Applegate, MI, 48401
$ 105,900
ROI
23.9Cash Flow/m
122- 4 Bed
- 1 Bath
- 1156 sft
2400 S Sherman Rd, Applegate, MI, 48401
Why Invest in Applegate, Michigan?
Investing in Applegate, MI under $500k offers a promising opportunity in Michigan's growing real estate market. This filter focuses on affordable properties with solid cap rates and attractive rental yields. The area's average ROI stands strong accompanied by moderate appreciation rates. Rental demand remains consistent with a good percentage of renter-occupied homes, making cash flow positive investments achievable. Growth trends in employment and infrastructure support long-term value.
7.2%
Avg. ROI
8.5%
Rental Yield
6.8%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The market primarily includes single-family homes and small multi-family units under $500k, suitable for both first-time investors and those seeking rental income.
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