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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
$ 100,000
ROI
24.1
Cash Flow/m
121- 7 Bed
- 1 Bath
- 1336 sft
323 S Brady St, Corunna, MI, 48817
$ 185,000
ROI
23.8Cash Flow/m
209- 3 Bed
- 2 Bath
- 1390 sft
415 W McArthur St, Corunna, MI, 48817
$ 261,900
ROI
24.4Cash Flow/m
337- 3 Bed
- 2 Bath
- 1522 sft
215 Sylvia Dr, Corunna, MI, 48817
$ 220,000
ROI
29.8Cash Flow/m
613- 3 Bed
- 2 Bath
- 1486 sft
200 N Reed 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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