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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
Listed for sale today
$ 495,000
ROI
28.9
Cash Flow/m
1255- 5 Bed
- 4 Bath
- 2961 sft
1909 Robindale Dr, Houghton, MI, 49931
Listed for sale 3 days ago
$ 249,900
ROI
26.0Cash Flow/m
434- 3 Bed
- 2 Bath
- 1317 sft
409 W Douglass Ave, Houghton, MI, 49931
$ 435,000
ROI
22.6Cash Flow/m
339- 4 Bed
- 2 Bath
- 2300 sft
2107 Spruce Ln, Houghton, MI, 49931
$ 249,000
ROI
21.6Cash Flow/m
130- 4 Bed
- 2 Bath
- 2003 sft
16022 Liminga Rd, 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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