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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Caspian, MI
Listed for sale 1 day ago
$ 199,900
ROI
30.7
Cash Flow/m
607- 3 Bed
- 2 Bath
- 2091 sft
4 19th St, Caspian, MI, 49915
Rental Income
$ 129,900
ROI
33.7Cash Flow/m
505- 4 Bed
- 2 Bath
- 1472 sft
209 W Railroad St, Caspian, MI, 49915
$ 124,500
ROI
24.3Cash Flow/m
156- 3 Bed
- 1 Bath
- 1120 sft
428 E Caspian Ave, Caspian, MI, 49915
$ 104,900
ROI
24.4Cash Flow/m
135- 2 Bed
- 1 Bath
- 960 sft
101 W 2nd St, Caspian, MI, 49915
Why Invest in Caspian, Michigan?
Investing in Caspian, MI properties under $500k offers an affordable entry into a promising market. The city boasts a 7.5% average ROI and a rental yield around 8%, supported by a steady cap rate near 6%. Average cash flow remains positive at $350 monthly, while median rents sit around $900. Appreciation rates have been moderate at 3% annually, with renter occupancy close to 65%, making it attractive for stable rental income.
7.5%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Caspian is approximately 8%, making it an attractive market for rental income investors.
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