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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
Listed for sale 7 days ago
$ 179,000
ROI
31.3
Cash Flow/m
573- 3 Bed
- 1 Bath
- 1144 sft
412 N Swan St, Colon, MI, 49040
$ 179,900
ROI
23.7Cash Flow/m
196- 4 Bed
- 2 Bath
- 2346 sft
622 Maple St, Colon, MI, 49040
Fix & Flip
$ 235,000
ROI
27.2Cash Flow/m
484- 3 Bed
- 2 Bath
- 1736 sft
59010 Lakeshore Dr, Colon, MI, 49040
$ 159,000
ROI
23.3Cash Flow/m
155- 3 Bed
- 1 Bath
- 1036 sft
161 Palmer 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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