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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in East Grand Rapids, MI
Listed for sale 2 days ago
$ 399,900
ROI
21.8
Cash Flow/m
224- 3 Bed
- 2 Bath
- 1840 sft
1521 Lake Grove Ave SE, East Grand Rapids, MI, 49506
$ 425,000
ROI
23.0Cash Flow/m
377- 3 Bed
- 2 Bath
- 1041 sft
2738 Richards Dr SE, East Grand Rapids, MI, 49506
$ 399,900
ROI
26.8Cash Flow/m
780- 3 Bed
- 2 Bath
- 1274 sft
2200 Estelle Dr SE, East Grand Rapids, MI, 49506
$ 425,000
ROI
23.0Cash Flow/m
388- 3 Bed
- 2 Bath
- 1700 sft
2604 Richards Dr SE, East Grand Rapids, MI, 49506
Why Invest in East Grand Rapids, Michigan?
Investing in properties under $500k in East Grand Rapids, MI offers a unique opportunity to engage with a stable and growing real estate market. This city boasts a solid average rental yield and a healthy cap rate that appeals to both new and experienced investors. The average ROI reflects promising returns supported by consistent appreciation over recent years. Rental demand remains strong with a high renter-occupied percentage, driven by local economic growth and quality of life factors.
7.2%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.8%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in East Grand Rapids typically include single-family homes, townhouses, and smaller multi-family units, suitable for rental or owner-occupancy.
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