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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Memphis, MI
$ 199,900
ROI
24.5
Cash Flow/m
266- 3 Bed
- 2 Bath
- 1324 sft
34720 Maple St, Memphis, MI, 48041
$ 249,900
ROI
28.1Cash Flow/m
580- 4 Bed
- 2 Bath
- 1444 sft
34746 Benton St, Memphis, MI, 48041
$ 328,000
ROI
25.6Cash Flow/m
529- 3 Bed
- 2 Bath
- 1277 sft
80367 Belle River Rd, Memphis, MI, 48041
$ 233,199
ROI
30.5Cash Flow/m
694- 3 Bed
- 1 Bath
- 1347 sft
34288 Pratt Rd, Memphis, MI, 48041
Why Invest in Memphis, Michigan?
Investing in Memphis, MI properties under $500k offers a strategic entry point for real estate investors seeking stable returns. This market features an average rental yield of 7.5% and cap rates around 6%, reflecting strong income potential. The city's avg cash flow remains positive, supported by modest appreciation of 2.3% annually. Renter occupancy rates hover near 68%, indicating sustained rental demand. These metrics align well with investors targeting affordable growth markets in Michigan.
8%
Avg. ROI
7.5%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for Memphis, MI properties under $500k is approximately 7.5%, offering investors solid income potential compared to national averages.
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