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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Palms, MI
$ 249,900
ROI
24.9
Cash Flow/m
357- 3 Bed
- 2 Bath
- 1476 sft
5750 Snay Rd, Palms, MI, 48465
$ 189,000
ROI
26.5Cash Flow/m
354- 3 Bed
- 2 Bath
- 1624 sft
6170 Range Line Rd, Palms, MI, 48465
$ 159,900
ROI
26.7Cash Flow/m
310- 3 Bed
- 2 Bath
- 1200 sft
5755 Schock Rd, Palms, MI, 48465
Fix & Flip
$ 125,000
ROI
60.6Cash Flow/m
1422- 5 Bed
- 2 Bath
- 1900 sft
6137 Morin Rd, Palms, MI, 48465
Why Invest in Palms, Michigan?
Investing in Palms, MI properties under $500k offers a unique opportunity for real estate investors seeking affordable entry points. This market features an average ROI of 7.5%, competitive rental yields around 6%, and a cap rate near 5.5%, making it attractive for steady cash flow. Average monthly rents sit at approximately $1,100, with appreciation rates holding at 3% annually. Housing affordability and a renter-occupied rate of 58% support consistent demand for rentals in this area.
7.5%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Palms, MI is approximately 7.5%, making it a solid choice for investors seeking steady returns.
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