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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Painesdale, MI
$ 119,000
ROI
24.5
Cash Flow/m
156- 4 Bed
- 2 Bath
- 1843 sft
15516 Forest St, Painesdale, MI, 49955
$ 192,500
ROI
27.5Cash Flow/m
415- 3 Bed
- 2 Bath
- 1320 sft
15254 Iroquois St, Painesdale, MI, 49955
$ 129,000
ROI
24.4Cash Flow/m
167- 3 Bed
- 2 Bath
- 1144 sft
15576 2nd St, Painesdale, MI, 49955
$ 150,000
ROI
23.3Cash Flow/m
146- 2 Bed
- 2 Bath
- 1048 sft
15329 Highland St, Painesdale, MI, 49955
Why Invest in Painesdale, Michigan?
Investing in properties under $500k in Painesdale, MI offers an affordable entry point with promising returns. The area's average ROI is around 7%, with rental yields reaching approximately 8%. Cap rates remain attractive near 6%, supporting steady cash flows for investors. Painesdale offers a tight rental market with a renter occupancy rate close to 68%, providing a reliable tenant base. Appreciation is moderate, averaging about 2.5% annually, making it a solid choice for balanced risk and growth.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$500/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Painesdale is approximately 7%, offering a solid balance of risk and reward for investors.
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