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 2317 Lake St, Niles, MI
Listed for sale 3 days ago
$ 244,000
ROI
20.6ROI percentage
Cash Flow/m
Dollar sign58
  • 3 Bed
  • 2 Bath
  • 1176 sft
2317 Lake St, 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 23 N 5th St, Niles, MI
Listed for sale 4 days ago
$ 294,900
ROI
20.5ROI percentage
Cash Flow/m
Dollar sign59
  • 5 Bed
  • 4 Bath
  • 3601 sft
23 N 5th St, Niles, MI, 49120
Property at 1292 Eddie Dr, Niles, MI
Fix & Flip
Listed for sale 4 days ago
$ 259,000
ROI
26.5ROI percentage
Cash Flow/m
Dollar sign488
  • 4 Bed
  • 3 Bath
  • 1635 sft
1292 Eddie Dr, 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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