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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Covert, MI
Fix & Flip
$ 155,000
ROI
24.8
Cash Flow/m
217- 5 Bed
- 2 Bath
- 2460 sft
33259 Orchard St, Covert, MI, 49043
$ 225,900
ROI
26.9Cash Flow/m
448- 3 Bed
- 2 Bath
- 951 sft
68699 38th Ave, Covert, MI, 49043
$ 299,900
ROI
24.3Cash Flow/m
380- 3 Bed
- 2 Bath
- 1344 sft
68854 34th Ave, Covert, MI, 49043
$ 179,900
ROI
24.7Cash Flow/m
247- 4 Bed
- 2 Bath
- 1918 sft
75326 38th Ave, Covert, MI, 49043
Why Invest in Covert, Michigan?
Investing in properties under $300k in Covert, MI offers a unique opportunity to tap into a growing real estate market with steady rental demand. The area features an average ROI of 7%, driven by a rental yield of 6% and cap rate near 5%. With average rents around $1,200 and appreciation rates close to 3%, investors can expect consistent cash flow and moderate growth. Approximately 60% of housing units are renter-occupied, reflecting a healthy tenant base conducive to long-term investment success.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k in Covert are single-family homes and small multi-family units, which are popular among local renters and entry-level investors.
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