Under $500K Investment Properties for Sale in Houghton, MI
Listed for sale 7 days ago
$ 420,000
ROI
21.4
Cash Flow/m
190- 3 Bed
- 2 Bath
- 2082 sft
105 W Houghton Ave, Houghton, MI, 49931
$ 269,900
ROI
26.4Cash Flow/m
500- 3 Bed
- 2 Bath
- 1320 sft
307 Calverley Ave, Houghton, MI, 49931
$ 349,900
ROI
21.3Cash Flow/m
148- 3 Bed
- 3 Bath
- 2101 sft
1405 Sugar Maple Ln, Houghton, MI, 49931
Currently Rented
$ 159,900
ROI
24.8Cash Flow/m
223- 3 Bed
- 1 Bath
- 1149 sft
901 Jasper 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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