Under $300K 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 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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