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 47604 1st St, Houghton, MI
$ 139,900
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign144
  • 3 Bed
  • 1 Bath
  • 1188 sft
47604 1st St, Houghton, MI, 49931
Property at 705 W Baraga Ave, Houghton, MI
$ 300,000
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign465
  • 4 Bed
  • 2 Bath
  • 2801 sft
705 W Baraga Ave, Houghton, MI, 49931
Property at 807 E Montezuma Ave, Houghton, MI
Currently Rented
$ 290,000
ROI
26.4ROI percentage
Cash Flow/m
Dollar sign534
  • 4 Bed
  • 3 Bath
  • 2306 sft
807 E Montezuma Ave, Houghton, MI, 49931
Property at 605 W Baraga Ave, Houghton, MI
$ 259,995
ROI
30.4ROI percentage
Cash Flow/m
Dollar sign772
  • 3 Bed
  • 2 Bath
  • 1522 sft
605 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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