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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Newaygo, MI
Listed for sale 1 day ago
$ 249,900
ROI
28.7
Cash Flow/m
619- 2 Bed
- 1 Bath
- 1236 sft
377 W Jefferson St, Newaygo, MI, 49337
Listed for sale 6 days ago
$ 265,000
ROI
26.8Cash Flow/m
515- 3 Bed
- 1 Bath
- 1351 sft
8188 E Woodruff Dr, Newaygo, MI, 49337
Listed for sale 6 days ago
$ 319,900
ROI
27.2Cash Flow/m
665- 3 Bed
- 1 Bath
- 1080 sft
5953 S Newcosta Ave, Newaygo, MI, 49337
Listed for sale 6 days ago
$ 245,000
ROI
20.7Cash Flow/m
66- 3 Bed
- 2 Bath
- 2240 sft
3766 Mary Ave, 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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