Investment Properties Under $500K in Houghton, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Houghton, MI

Property at 22175 Ridge Rd, Houghton, MI
$ 324,900
ROI
27.5ROI percentage
Cash Flow/m
Dollar sign704
  • 3 Bed
  • 2 Bath
  • 1758 sft
22175 Ridge Rd, Houghton, MI, 49931
Property at 204 W Douglass Ave, Houghton, MI
$ 219,000
ROI
20.5ROI percentage
Cash Flow/m
Dollar sign45
  • 3 Bed
  • 1 Bath
  • 981 sft
204 W Douglass Ave, Houghton, MI, 49931
Property at 801 Calverley Ave, Houghton, MI
$ 195,000
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign281
  • 3 Bed
  • 2 Bath
  • 1291 sft
801 Calverley Ave, Houghton, MI, 49931
Property at 508 W Baraga Ave, Houghton, MI
$ 174,900
ROI
24.8ROI percentage
Cash Flow/m
Dollar sign245
  • 3 Bed
  • 1 Bath
  • 1380 sft
508 W Baraga Ave, Houghton, MI, 49931

Why Invest in Houghton, Michigan?

Investing in Houghton, MI under $500k offers promising opportunities in a stable market. The area's average ROI stands around 7%, supported by a rental yield of approximately 6%. Cap rates near 5.5% and solid average cash flow figures make it appealing for investors. With an average rent of $900 and steady appreciation near 2%, Houghton balances affordability with growth. Its renter-occupied rate of 60% indicates a stable tenant pool.

7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation

Frequently Asked Questions

Properties under $500k in Houghton mainly include single-family homes and small multi-family units. These properties are suitable for rental investment and often attract students and local workers.

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