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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Howell, MI
Listed for sale 1 day ago
$ 429,900
ROI
29.2
Cash Flow/m
1127- 4 Bed
- 3 Bath
- 2142 sft
3215 Rafferty Dr, Howell, MI, 48843
Listed for sale 2 days ago
$ 205,000
ROI
21.5Cash Flow/m
99- 2 Bed
- 1 Bath
- 901 sft
1345 Shire Ct, Howell, MI, 48843
Listed for sale 2 days ago
$ 450,000
ROI
21.6Cash Flow/m
233- 3 Bed
- 3 Bath
- 2351 sft
4240 Merriman Loop, Howell, MI, 48843
Listed for sale 3 days ago
$ 325,000
ROI
25.8Cash Flow/m
544- 3 Bed
- 2 Bath
- 2068 sft
618 Chicago Dr, Howell, MI, 48843
Why Invest in Howell, Michigan?
Investing in Howell, MI properties under $500k offers a solid opportunity for steady rental income and healthy appreciation. The market delivers an average ROI of 8.5% with rental yields around 6%, making it attractive for investors focused on cash flow. Cap rates hover near 7%, supported by stable average rents of approximately $1,200 monthly. With a renter-occupied rate above 55%, Howell shows consistent tenant demand, encouraging long-term investment.
8.5%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Howell typically include single-family homes, townhouses, and smaller multifamily units. These homes are popular among investors seeking affordable entry points with reliable rental demand.
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