Under $500K Investment Properties for Sale in Frankfort, MI
Listed for sale 7 days ago
$ 315,000
ROI
27.0
Cash Flow/m
631- 3 Bed
- 1 Bath
- 1390 sft
2683 Forrester Rd, Frankfort, MI, 49635
$ 390,000
ROI
21.6Cash Flow/m
198- 3 Bed
- 1 Bath
- 1180 sft
4477 Mollineaux Rd, Frankfort, MI, 49635
$ 220,000
ROI
20.0Cash Flow/m
16- 3 Bed
- 1 Bath
- 948 sft
554 Cherry Grove Ln, Frankfort, MI, 49635
$ 250,000
ROI
20.3Cash Flow/m
34- 3 Bed
- 1 Bath
- 1656 sft
1155 Michigan 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.
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