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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Colon, MI
$ 189,900
ROI
26.7
Cash Flow/m
369- 2 Bed
- 1 Bath
- 1348 sft
804 E State St, Colon, MI, 49040
$ 248,700
ROI
24.2Cash Flow/m
305- 3 Bed
- 2 Bath
- 1700 sft
30311 W M 86, Colon, MI, 49040
$ 249,999
ROI
20.9Cash Flow/m
82- 2 Bed
- 1 Bath
- 972 sft
31908 Decker Rd, Colon, MI, 49040
$ 154,900
ROI
23.9Cash Flow/m
177- 3 Bed
- 1 Bath
- 1224 sft
309 N Blackstone Ave, Colon, MI, 49040
Why Invest in Colon, Michigan?
Investing in Colon, MI properties under $500k offers a strategic entry point into a stable market with moderate appreciation. The area shows an average ROI of 7.5%, supported by a rental yield of 6.8% and cap rates around 5.5%. Average rent prices stay affordable, driving strong renter occupancy near 68%. This balanced mix creates promising cash flow potential for investors seeking diversification in Michigan's real estate sector.
7.5%
Avg. ROI
6.8%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Colon is approximately 6.8%, making it an attractive option for rental investors.
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