Under $500K 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
$ 320,000
ROI
22.5Cash Flow/m
243- 4 Bed
- 2 Bath
- 2322 sft
475 Napoleon Rd, 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
Why Invest in Michigan Center, Michigan?
Investing in Michigan Center, MI, especially properties under $500k, offers a compelling opportunity with steady rental yields and reasonable appreciation. The local market provides an average ROI of 7%, supported by a cap rate of 6.5% and attractive cash flow for investors. Rental demand remains strong with a renter occupancy rate above 75%. These metrics, combined with the region’s economic stability, make it an appealing location for real estate investment.
7%
Avg. ROI
6%
Rental Yield
6.5%
Cap Rate
$800/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Michigan Center typically include single-family homes and small multi-family units, suitable for both first-time investors and those seeking moderate rental income opportunities.
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