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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Herron, MI
$ 209,900
ROI
20.2
Cash Flow/m
26- 4 Bed
- 3 Bath
- 1899 sft
3442 S Herron Rd, Herron, MI, 49744
$ 129,000
ROI
38.2Cash Flow/m
661- - Bed
- - Bath
- - sft
10466 Goodrich Rd, Herron, MI, 49744
$ 174,900
ROI
32.1Cash Flow/m
601- - Bed
- - Bath
- - sft
0VL Nappers Rd, Herron, MI, 49744
$ 320,000
ROI
20.4Cash Flow/m
61- 3 Bed
- 2 Bath
- 1296 sft
4344 Besaw Rd, Herron, MI, 49744
Why Invest in Herron, Michigan?
Investing in Herron, MI properties under $500k offers a unique opportunity to tap into a growing Midwest market with stable rental demand and competitive cap rates. This price range attracts both entry-level investors and those seeking moderate cash flow. Herron enjoys an average ROI of 7.5%, a rental yield of 6%, and steady appreciation around 3.2% annually. The local rental market boasts robust renter occupancy rates nearing 90%, supported by a diverse economy and reliable income growth.
7.5%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Herron typically include single-family homes, small multi-family units, and some condos, ideal for first-time investors focusing on rental income.
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