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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Independence, MI
$ 189,000
ROI
23.8
Cash Flow/m
214- 2 Bed
- 3 Bath
- 1936 sft
6667 Andersonville Rd, Independence, MI, 48346
$ 150,000
ROI
42.1Cash Flow/m
933- - Bed
- - Bath
- - sft
7795 Fieldstone Rdg, Independence, MI, 48348
$ 344,900
ROI
53.6Cash Flow/m
3247- 4 Bed
- 4 Bath
- 2967 sft
6607 Scenic Pines Ct, Independence, MI, 48346
$ 214,900
ROI
21.2Cash Flow/m
87- 2 Bed
- 3 Bath
- 1644 sft
5883 Windward Ct, Independence, MI, 48346
Why Invest in Independence, Michigan?
Investing in Independence, MI under $500k offers a compelling opportunity to capture steady rental income in a growing market. This price filter highlights affordable homes with an average ROI of 7%, rental yields near 8%, and cap rates around 6%. The city’s average rent is $1,200 with cash flows averaging $350 monthly. Appreciation rates remain steady at about 3%, supported by increasing renter occupancy and economic growth driven by key local employers.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Under $500k, you can find single-family homes, small multifamily units, and condominiums, ideal for rental investments and first-time buyers.
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