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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Ionia, MI
Listed for sale 1 day ago
$ 275,000
ROI
28.8
Cash Flow/m
693- 3 Bed
- 2 Bath
- 1900 sft
546 Wall St, Ionia, MI, 48846
Listed for sale 1 day ago
$ 215,000
ROI
21.6Cash Flow/m
113- 2 Bed
- 1 Bath
- 1032 sft
434 Morse St, Ionia, MI, 48846
Fix & Flip
Listed for sale 2 days ago
$ 165,000
ROI
24.0Cash Flow/m
194- 4 Bed
- 2 Bath
- 1860 sft
445 N State St, Ionia, MI, 48846
Listed for sale 6 days ago
$ 219,900
ROI
28.8Cash Flow/m
551- 3 Bed
- 2 Bath
- 1584 sft
609 N Jackson St, Ionia, MI, 48846
Why Invest in Ionia, Michigan?
Investing in Ionia, MI properties under 500k offers a balanced opportunity with stable rental yields averaging around 7%. The area's cap rates hold steady near 8%, making it attractive for steady cash flow. Appreciation rates have been modest at about 3% annually, supported by a renter-occupied rate close to 60%. These metrics indicate a promising environment for real estate investors focusing on affordability and growth potential.
7%
Avg. ROI
6.8%
Rental Yield
7.9%
Cap Rate
$550/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under 500k in Ionia include single-family homes and small multifamily units. These options are attractive for investors seeking affordable entry points into a growing rental market.
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