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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
$ 419,900
ROI
26.8
Cash Flow/m
827- 3 Bed
- 4 Bath
- 2336 sft
1113 12th Ave, Houghton, MI, 49931
$ 497,000
ROI
22.8Cash Flow/m
414- 4 Bed
- 3 Bath
- 3168 sft
46750 Paradise Rd, Houghton, MI, 49931
$ 199,900
ROI
23.9Cash Flow/m
233- 4 Bed
- 2 Bath
- 2049 sft
320 Franklin St, Houghton, MI, 49931
$ 209,900
ROI
21.7Cash Flow/m
113- 3 Bed
- 2 Bath
- 1437 sft
48454 Lincoln St, 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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