Under $500K Investment Properties for Sale in Corunna, MI
$ 229,900
ROI
20.1
Cash Flow/m
21- 3 Bed
- 2 Bath
- 1592 sft
441 E Williams St, Corunna, MI, 48817
$ 190,000
ROI
23.5Cash Flow/m
199- 2 Bed
- 1 Bath
- 914 sft
9140 E M 21, Corunna, MI, 48817
$ 100,000
ROI
24.3Cash Flow/m
127- 2 Bed
- 1 Bath
- 1129 sft
317 Woodworth St, Corunna, MI, 48817
$ 340,000
ROI
29.9Cash Flow/m
959- 5 Bed
- 3 Bath
- 2432 sft
691 Woodvalley Dr, 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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