Investment Properties Under $500K in Niles, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Niles, MI

Property at 827 E Park Dr, Niles, MI
Listed for sale 1 day ago
$ 269,000
ROI
22.7ROI percentage
Cash Flow/m
Dollar sign219
  • 3 Bed
  • 1 Bath
  • 1144 sft
827 E Park Dr, Niles, MI, 49120
Property at 2314 Hand Rd, NILES, MI
$ 449,000
ROI
24.1ROI percentage
Cash Flow/m
Dollar sign548
  • 3 Bed
  • 2 Bath
  • 2235 sft
2314 Hand Rd, NILES, MI, 49120
Property at 652 N 7th St, Niles, MI
Listed for sale 3 days ago
$ 129,900
ROI
24.8ROI percentage
Cash Flow/m
Dollar sign183
  • 2 Bed
  • 1 Bath
  • 692 sft
652 N 7th St, Niles, MI, 49120
Property at 2223 Joseph St, Niles, MI
Listed for sale 3 days ago
$ 340,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign598
  • 3 Bed
  • 3 Bath
  • 2139 sft
2223 Joseph St, Niles, MI, 49120

Why Invest in Niles, Michigan?

Investing in Niles, MI, under $500k offers a strategic entry point into a growing real estate market. The area shows promising appreciation at around 3% annually and a healthy rental yield near 7%. With a cap rate averaging 6% and steady cash flow opportunities, investors benefit from a balanced risk-reward profile. Rental occupancy remains strong, supported by local economic growth and a stable renter population.

7%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$500/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

You can find a mix of single-family homes, small multifamily units, and some townhomes within this price range, suitable for both first-time investors and those looking to expand portfolios.

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