Under $500K Investment Properties for Sale in Newaygo, MI
Listed for sale 7 days ago
$ 135,000
ROI
24.7
Cash Flow/m
187- 2 Bed
- 2 Bath
- 913 sft
7650 E Lake Dr, Newaygo, MI, 49337
$ 165,000
ROI
23.6Cash Flow/m
176- 2 Bed
- 1 Bath
- 609 sft
8253 1/2 E 62nd St, Newaygo, MI, 49337
$ 290,000
ROI
27.3Cash Flow/m
606- 3 Bed
- 2 Bath
- 1431 sft
6761 Autumn Ave, Newaygo, MI, 49337
$ 399,900
ROI
24.7Cash Flow/m
550- 4 Bed
- 3 Bath
- 2468 sft
2341 E 95th St, Newaygo, MI, 49337
Why Invest in Newaygo, Michigan?
Investing in Newaygo, MI under $500k offers a promising opportunity in a growing market. This region features an average ROI of 7.5%, rental yields around 8%, and a cap rate of 6.5%, making it attractive to investors prioritizing cash flow and appreciation potential. The average cash flow is $450 monthly with an average rent of $950, supported by a renter occupancy rate of 58%. These metrics reflect a solid balance between affordability and profitability.
7.5%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, properties under $500k in Newaygo offer attractive ROI and rental yields, supported by stable economic and housing market conditions that favor steady cash flow and appreciation.
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