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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Corunna, MI
$ 110,000
ROI
24.7
Cash Flow/m
151- 3 Bed
- 1 Bath
- 1044 sft
322 E Corunna Ave, Corunna, MI, 48817
$ 165,000
ROI
24.8Cash Flow/m
231- 3 Bed
- 2 Bath
- 1220 sft
415 E Oliver St, Corunna, MI, 48817
$ 159,900
ROI
24.3Cash Flow/m
204- 3 Bed
- 1 Bath
- 1000 sft
302 N Kingsley St, Corunna, MI, 48817
$ 185,000
ROI
31.9Cash Flow/m
627- 3 Bed
- 1 Bath
- 948 sft
5801 N Kerby Rd, Corunna, MI, 48817
Why Invest in Corunna, Michigan?
Investing in Corunna, MI, with properties under $500k offers a unique opportunity for steady rental income in a growing small city. The average ROI stands at 6.5%, complemented by a rental yield of 7.2%, making it attractive for investors seeking moderate risk. Cap rates average 6.8%, and average cash flow is positive, reflecting a healthy rental market. The average rental price in Corunna is around $900, with an appreciation rate near 3%, signaling strong potential for long-term gains.
6.5%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Corunna typically include single-family homes, small multifamily units, and affordable townhomes, suitable for both owner-occupants and investors.
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