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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Muskegon Heights, MI
Listed for sale 2 days ago
$ 139,900
ROI
31.6
Cash Flow/m
460- 4 Bed
- 1 Bath
- 1020 sft
71 Crescent Ave, Muskegon Heights, MI, 49444
Listed for sale 2 days ago
$ 149,900
ROI
30.1Cash Flow/m
433- 3 Bed
- 1 Bath
- 1215 sft
16 E Cleveland Ave, Muskegon Heights, MI, 49444
$ 129,900
ROI
24.5Cash Flow/m
171- 3 Bed
- 1 Bath
- 1233 sft
3233 Peck St, Muskegon Heights, MI, 49444
$ 130,000
ROI
24.4Cash Flow/m
168- 4 Bed
- 1 Bath
- 1000 sft
3376 Lemuel St, Muskegon Heights, MI, 49444
Why Invest in Muskegon Heights, Michigan?
Investing in Muskegon Heights, MI, under $500K offers a unique opportunity to tap into an affordable market with steady rental demand. The area boasts an average ROI of around 8%, supported by a rental yield near 7% and a cap rate of roughly 6%. Average cash flow remains positive, driven by reasonable rent prices averaging $900 per month and a renter-occupied rate of 55%. Appreciation is moderate, reflecting emerging economic growth in the region.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500K in Muskegon Heights include single-family homes, small multi-family units, and some townhomes. These options provide affordable entry points for investors seeking rental income.
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