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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Honor, MI
$ 210,000
ROI
31.7
Cash Flow/m
696- 3 Bed
- 1 Bath
- 1000 sft
2018 South St, Honor, MI, 49640
$ 193,000
ROI
27.4Cash Flow/m
408- 2 Bed
- 1 Bath
- 1017 sft
10978 Platte St, Honor, MI, 49640
$ 205,000
ROI
24.6Cash Flow/m
279- 2 Bed
- 1 Bath
- 796 sft
10927 Cedar St, Honor, MI, 49640
$ 249,500
ROI
56.4Cash Flow/m
2544- 4 Bed
- 2 Bath
- 1260 sft
10858 Main St, Honor, MI, 49640
Why Invest in Honor, Michigan?
Investing in single-family homes in Honor, MI offers a unique opportunity for steady rental income and long-term appreciation. This market features an average ROI of 7%, with rental yields around 6%, reflecting a strong demand among renters making up about 58% of households. Cap rates at 5.5% indicate healthy profitability, complemented by an average monthly rent of $1,100. With appreciation rates near 3%, this area presents a balanced investment in Michigan's real estate landscape.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Honor, MI is around 6%, reflecting solid rental demand in the area.
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