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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Kaleva, MI
$ 269,000
ROI
25.7
Cash Flow/m
444- 5 Bed
- 2 Bath
- 1244 sft
12355 Nine Mile Rd, Kaleva, MI, 49645
$ 150,000
ROI
23.4Cash Flow/m
151- 1 Bed
- 1 Bath
- 1000 sft
15527 Nine Mile Rd, Kaleva, MI, 49645
$ 168,000
ROI
42.6Cash Flow/m
1068- 4 Bed
- 2 Bath
- 1404 sft
14770 Panu St, Kaleva, MI, 49645
$ 267,900
ROI
29.2Cash Flow/m
704- 4 Bed
- 2 Bath
- 3200 sft
6929 Siegfried Rd, Kaleva, MI, 49645
Why Invest in Kaleva, Michigan?
Investing in Kaleva, MI properties under $500k presents a unique opportunity to capture steady rental yields averaging 7%. This market is attractive for investors seeking solid average ROI around 8% with cap rates near 6%. The average monthly rent of $900 and consistent appreciation rates near 3% support positive cash flow. With nearly 60% renter-occupied homes, Kaleva demonstrates a strong tenant base in Northern Michigan's affordable market.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Kaleva typically include single-family homes and small multi-family units suitable for rental investment. This price range offers opportunities for steady cash flow in a growing rental market.
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