Under $500K Investment Properties for Sale in Niles, MI
Listed for sale 2 days ago
$ 142,000
ROI
23.2
Cash Flow/m
138- 2 Bed
- 1 Bath
- 1013 sft
833 Burns St, Niles, MI, 49120
$ 449,000
ROI
24.1Cash Flow/m
548- 3 Bed
- 2 Bath
- 2235 sft
2314 Hand Rd, NILES, MI, 49120
Listed for sale 3 days ago
$ 360,000
ROI
30.8Cash Flow/m
1102- 4 Bed
- 3 Bath
- 1976 sft
29728 Redfield St, Niles, MI, 49120
Listed for sale 4 days ago
$ 220,000
ROI
25.3Cash Flow/m
336- 4 Bed
- 2 Bath
- 1472 sft
1353 Sheffield Ave, 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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