Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Frankfort, MI
Listed for sale 1 day ago
$ 445,000
ROI
25.4
Cash Flow/m
694- 3 Bed
- 2 Bath
- 2423 sft
4290 Johnson Rd, Frankfort, MI, 49635
$ 289,000
ROI
24.2Cash Flow/m
359- 2 Bed
- 2 Bath
- 1692 sft
714 Leelanau Ave, Frankfort, MI, 49635
$ 398,500
ROI
24.1Cash Flow/m
476- 3 Bed
- 2 Bath
- 1942 sft
5560 Gorivan Rd, Frankfort, MI, 49635
$ 365,000
ROI
22.2Cash Flow/m
252- 3 Bed
- 2 Bath
- 2656 sft
637 Crystal Ave, Frankfort, MI, 49635
Why Invest in Frankfort, Michigan?
Investing in Frankfort, MI under $500K offers a great opportunity to tap into a stable real estate market with solid cash flow. The city demonstrates an average ROI of 6.2% and a rental yield around 8%, making it attractive for rental properties. Cap rates average near 6%, while properties typically yield average annual appreciation of 3.1%. The average rent is $950, with renter occupancy close to 58%, reflecting steady demand from residents and seasonal visitors.
6.2%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
Frankfort offers a mix of single-family homes, cottages, and smaller multifamily units under $500K, suitable for both primary residences and rental investments.
Find Your Perfect Investment Property in Frankfort, Michigan
Explore investment opportunities by strategy, performance, or property type
