Under $300K Investment Properties for Sale in New Era, MI

Property at 5900 S Water Rd #216, New Era, MI
$ 109,900
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign114
  • 1 Bed
  • 1 Bath
  • 758 sft
5900 S Water Rd #216, New Era, MI, 49446
Property at 4675 3rd St, New Era, MI
$ 155,000
ROI
23.9ROI percentage
Cash Flow/m
Dollar sign177
  • 2 Bed
  • 1 Bath
  • 720 sft
4675 3rd St, New Era, MI, 49446
Property at 5900 S Water Rd Unit 113, New Era, MI
$ 150,000
ROI
23.7ROI percentage
Cash Flow/m
Dollar sign165
  • 1 Bed
  • 1 Bath
  • 758 sft
5900 S Water Rd Unit 113, New Era, MI, 49446
Property at 1915 W Garfield Rd, New Era, MI
$ 249,900
ROI
25.9ROI percentage
Cash Flow/m
Dollar sign429
  • 3 Bed
  • 1 Bath
  • 1200 sft
1915 W Garfield Rd, New Era, MI, 49446

Why Invest in New Era, Michigan?

Investing in New Era, MI under $300k provides an excellent entry point into Michigan's real estate market. This price filter highlights affordable properties with attractive average rental yields around 7%. New Era's cap rate of approximately 6% and average cash flow near $200/month signify steady income potential. Coupled with moderate appreciation rates near 3%, investors can benefit from a balanced mix of income and growth in this small but promising city.

8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$200/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Properties under $300k in New Era typically include single-family homes, small multi-family units, and condos. These offer affordable investment opportunities with strong rental demand.

Find Your Perfect Investment Property in New Era, Michigan

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in New Era, MI
Fix and Flip Properties in New Era, MI
Short-Term Rental Properties in New Era, MI
AI