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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 4 days ago
$ 225,000
ROI
25.2
Cash Flow/m
340- 3 Bed
- 1 Bath
- 1022 sft
854 W Washington St, Ionia, MI, 48846
$ 225,000
ROI
23.5Cash Flow/m
236- - Bed
- 1 Bath
- 1060 sft
980 E Main St, Ionia, MI, 48846
$ 220,000
ROI
20.4Cash Flow/m
36- 2 Bed
- 1 Bath
- 1114 sft
3667 Bradford Rd, Ionia, MI, 48846
$ 215,900
ROI
25.0Cash Flow/m
314- 3 Bed
- 1 Bath
- 2156 sft
1367 E Riverside Dr, 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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