Investment Properties for Sale in Homer, MI
Listed for sale 4 days ago
$ 209,500
ROI
31.2
Cash Flow/m
668- 4 Bed
- 2 Bath
- 1824 sft
114 W Leigh St, Homer, MI, 49245
$ 124,900
ROI
23.2Cash Flow/m
119- 4 Bed
- 2 Bath
- 1560 sft
310 S Burgess St, Homer, MI, 49245
$ 240,000
ROI
21.5Cash Flow/m
117- 5 Bed
- 3 Bath
- 3392 sft
211 S Hillsdale St, Homer, MI, 49245
$ 215,000
ROI
27.6Cash Flow/m
472- 3 Bed
- 2 Bath
- 1352 sft
155 Depot St, Homer, MI, 49245
Why Invest in Homer, Michigan?
Investing in residential real estate in Homer, MI, offers strong opportunities with an average ROI near 7%. Rental properties here achieve solid rental yields around 8%, with cap rates near 6%. The area's affordable housing and growing renter population, currently at about 45%, support consistent cash flow averaging $600 monthly. Appreciation in property values has remained steady at approximately 3% annually, making Homer an attractive market for investors seeking stable growth.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$600/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Homer, MI, is approximately 8%, making it a viable market for rental property investors.
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