Under $500K Investment Properties for Sale in Howell, MI
Listed for sale 1 day ago
$ 390,000
ROI
25.2
Cash Flow/m
587- 3 Bed
- 3 Bath
- 2335 sft
4784 New Haven Dr, Howell, MI, 48843
Listed for sale 2 days ago
$ 359,900
ROI
22.9Cash Flow/m
311- 3 Bed
- 2 Bath
- 792 sft
500 Keddle Rd, Howell, MI, 48843
Listed for sale 3 days ago
$ 218,000
ROI
25.2Cash Flow/m
332- 2 Bed
- 1 Bath
- 1228 sft
4051 Hampton Ridge Blvd, Howell, MI, 48843
Listed for sale 4 days ago
$ 439,000
ROI
21.1Cash Flow/m
160- 4 Bed
- 3 Bath
- 3104 sft
1371 Callaway Ct, 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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