Under $500K Investment Properties for Sale in Muskegon Heights, MI
Listed for sale 1 day ago
$ 109,900
ROI
24.6
Cash Flow/m
147- 3 Bed
- 1 Bath
- 1276 sft
2905 7th St, Muskegon Heights, MI, 49444
Listed for sale 1 day ago
$ 145,000
ROI
23.7Cash Flow/m
161- 5 Bed
- 2 Bath
- 1824 sft
2313 Riordan St, Muskegon Heights, MI, 49444
$ 112,900
ROI
23.7Cash Flow/m
123- 2 Bed
- 1 Bath
- 688 sft
2336 Howden St, Muskegon Heights, MI, 49444
$ 119,900
ROI
23.8Cash Flow/m
135- 2 Bed
- 1 Bath
- 944 sft
3310 Highland 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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