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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Norway, MI
Listed for sale 1 day ago
$ 189,900
ROI
23.2
Cash Flow/m
180- 3 Bed
- 1 Bath
- 1840 sft
501 Iron St, Norway, MI, 49870
Listed for sale 2 days ago
$ 135,000
ROI
23.4Cash Flow/m
136- 4 Bed
- 2 Bath
- 1992 sft
707 Walnut St, Norway, MI, 49870
Listed for sale 7 days ago
$ 120,000
ROI
24.0Cash Flow/m
142- 2 Bed
- 1 Bath
- 720 sft
310 Main St, Norway, MI, 49870
$ 155,000
ROI
23.4Cash Flow/m
156- 3 Bed
- 2 Bath
- 1228 sft
717 Section St, Norway, MI, 49870
Why Invest in Norway, Michigan?
Investing in Norway, MI, offers promising opportunities for real estate investors. The city has a solid average ROI of 6.5% combined with a rental yield around 7%. Cap rates remain attractive at approximately 5.5%, supporting steady cash flow. Average rent prices are affordable, making it appealing for renter occupancy which stands near 60%. Additionally, property appreciation has been growing steadily at 3.2%, reflecting a stable market environment.
6.5%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$700/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average return on investment (ROI) in Norway, MI is approximately 6.5%, making it an attractive market for real estate investors.
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