Under $500K Investment Properties for Sale in Casnovia, MI
Listed for sale 4 days ago
$ 225,000
ROI
20.1
Cash Flow/m
23- 3 Bed
- 2 Bath
- 1558 sft
61 Probasco St, Casnovia, MI, 49318
$ 429,900
ROI
21.6Cash Flow/m
215- 4 Bed
- 2 Bath
- 2386 sft
2055 S Peters Rd, Casnovia, MI, 49318
$ 325,000
ROI
30.7Cash Flow/m
990- 3 Bed
- 3 Bath
- 1647 sft
34 S Main St, Casnovia, MI, 49318
$ 250,000
ROI
31.5Cash Flow/m
817- 3 Bed
- 2 Bath
- 1496 sft
160 Grand St, Casnovia, MI, 49318
Why Invest in Casnovia, Michigan?
Investing in Casnovia, MI properties under $500k offers a growing opportunity to tap into a stable rental market with an average rental yield of 7%. The area's average ROI of 6.5% and cap rate of 5% reflect promising returns. Average cash flow remains attractive at around $350 monthly, supported by a median rent of $1,200. Appreciation rates hover near 3%, signaling moderate but steady growth in property value, while renter occupancy sits above 55%, ensuring consistent rental demand.
6.5%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, Casnovia offers stable rental demand with attractive cap rates and cash flow in the under $500k range, making it a viable market for investors seeking steady income.
Find Your Perfect Investment Property in Casnovia, Michigan
Explore investment opportunities by strategy, performance, or property type
