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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Homer, MI
$ 189,900
ROI
29.8
Cash Flow/m
531- 4 Bed
- 2 Bath
- 1750 sft
310 W Adams St, Homer, MI, 49245
$ 289,900
ROI
21.2Cash Flow/m
117- 4 Bed
- 3 Bath
- 1954 sft
2719 22 Mile Rd, Homer, MI, 49245
$ 145,000
ROI
23.3Cash Flow/m
142- 3 Bed
- 2 Bath
- 2062 sft
500 S Hillsdale St, Homer, MI, 49245
$ 149,900
ROI
30.1Cash Flow/m
430- 4 Bed
- 1 Bath
- 1197 sft
219 W Main St, Homer, MI, 49245
Why Invest in Homer, Michigan?
Investing in Homer, MI properties under $300K offers a unique opportunity to benefit from a stable rental market and attractive cap rates. The area's average rental yield of 8% and a cap rate near 6% provide solid cash flow for investors. Appreciation trends over recent years have been moderate, making it a reliable choice for long-term wealth building. The average cash flow is positive, and renter occupancy remains healthy at around 55%, reflecting consistent demand in this Michigan city.
7.2%
Avg. ROI
8%
Rental Yield
5.8%
Cap Rate
$150/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300K in Homer primarily include single-family homes and small multifamily units, ideal for first-time investors or those seeking affordable rental options.
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