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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Grand Rapids, MI
Listed for sale 1 day ago
$ 215,000
ROI
28.9
Cash Flow/m
548- 3 Bed
- 1 Bath
- 1008 sft
335 Dickinson St SW, Grand Rapids, MI, 49507
$ 349,900
ROI
20.3Cash Flow/m
52- 4 Bed
- 2 Bath
- 2050 sft
958 68th St SE, Grand rapids, MI, 49508
Listed for sale 1 day ago
$ 365,000
ROI
24.3Cash Flow/m
456- 3 Bed
- 2 Bath
- 1676 sft
244 Wallinwood Ave NE, Grand Rapids, MI, 49503
$ 190,000
ROI
23.8Cash Flow/m
213- 3 Bed
- 2 Bath
- 1274 sft
812 Sheldon Ave SE, Grand rapids, MI, 49507
Why Invest in Grand Rapids, Michigan?
Discover investment properties under $500k in Grand Rapids, MI, where steady appreciation and strong rental demand create reliable returns. The market shows 1.5-3.2% annual appreciation with low inventory supporting values. Renter-occupied rates exceed 40%, driving consistent cash flow. Cap rates around 6-8% make these affordable homes ideal for buy-and-hold strategies. Healthcare and manufacturing growth bolsters long-term stability.
8.5%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Yes, many single-family homes and duplexes under $500k offer strong rental yields around 7%. Low inventory keeps values stable with 2-3% appreciation. Focus on areas near downtown or universities for best cash flow.
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