Under $300K Investment Properties for Sale in Michigan Center, MI
Listed for sale 1 day ago
$ 299,900
ROI
24.3
Cash Flow/m
378- 4 Bed
- 2 Bath
- 1450 sft
131 Rice Ave, Michigan Center, MI, 49254
$ 200,000
ROI
29.7Cash Flow/m
556- 2 Bed
- 1 Bath
- 1300 sft
908 Napoleon Rd, Michigan Center, MI, 49254
$ 179,900
ROI
29.6Cash Flow/m
491- 2 Bed
- 1 Bath
- 1142 sft
531 7th St, Michigan Center, MI, 49254
$ 199,000
ROI
20.5Cash Flow/m
42- 1 Bed
- 1 Bath
- 638 sft
124 Cooks Lndg, Michigan Center, MI, 49254
Why Invest in Michigan Center, Michigan?
Investing in Michigan Center, MI, offers promising opportunities, especially for properties under $300k. The local market shows a steady average ROI of 7%, complemented by a rental yield of 9% on affordable housing. Cap rates remain attractive at around 6%, indicating a healthy income potential for investors. With average rents approximately $1,000 and rising appreciation rates of 3%, this area supports sustainable investment growth. The renter-occupied rate at 52% provides a stable tenant pool for rental properties.
7%
Avg. ROI
9%
Rental Yield
6%
Cap Rate
$700/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Michigan Center offers a variety of properties under $300k, predominantly single-family homes suitable for investors seeking affordable rental options.
Find Your Perfect Investment Property in Michigan Center, Michigan
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