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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
Listed for sale 7 days ago
$ 154,900
ROI
23.3
Cash Flow/m
155- 2 Bed
- 1 Bath
- 1040 sft
207 W State St, Corunna, MI, 48817
$ 209,900
ROI
26.0Cash Flow/m
364- 3 Bed
- 2 Bath
- 1488 sft
301 Ferry St, Corunna, MI, 48817
$ 174,900
ROI
24.6Cash Flow/m
235- 4 Bed
- 2 Bath
- 1581 sft
2352 N Geeck Rd, Corunna, MI, 48817
$ 299,900
ROI
23.0Cash Flow/m
269- 3 Bed
- 2 Bath
- 1313 sft
4501 N New Lothrop 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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