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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Luther, MI
$ 149,900
ROI
24.7
Cash Flow/m
208- 1 Bed
- 2 Bath
- 784 sft
507 River St, Luther, MI, 49656
$ 225,000
ROI
30.7Cash Flow/m
685- 3 Bed
- 2 Bath
- 1511 sft
603 River St, Luther, MI, 49656
$ 219,900
ROI
20.7Cash Flow/m
56- 2 Bed
- 3 Bath
- 1820 sft
408 Garfield St, Luther, MI, 49656
$ 194,900
ROI
23.8Cash Flow/m
221- 3 Bed
- 3 Bath
- 1450 sft
10086 E Old M63, Luther, MI, 49656
Why Invest in Luther, Michigan?
Investing in Luther, MI under $300k offers affordable entry points into a steady rental market with solid cap rates around 6%. The growing renter-occupied segment, at approximately 52%, supports consistent cash flow. Appreciation in the region has been moderate at about 3% annually, aligning well with the stable economic outlook. Average rental yields near 8% make properties under $300k attractive for investors seeking balanced risk and returns.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Luther primarily include single-family homes and smaller multi-family units. These options suit investors looking for affordable entry points with potential for rental income.
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