Investment Properties Under $500K in Parma, 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 Parma, MI

Property at 209 E Main St, Parma, MI
Listed for sale 5 days ago
$ 199,900
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign286
  • 4 Bed
  • 1 Bath
  • 1664 sft
209 E Main St, Parma, MI, 49269
Property at 7966 Village Green Rd, Parma, MI
$ 279,999
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign400
  • 3 Bed
  • 2 Bath
  • 1421 sft
7966 Village Green Rd, Parma, MI, 49269
Property at 4547 Wellman Rd, Parma, MI
$ 350,000
ROI
21.3ROI percentage
Cash Flow/m
Dollar sign145
  • 4 Bed
  • 2 Bath
  • 1906 sft
4547 Wellman Rd, Parma, MI, 49269
Property at 6488 N Parma Rd, Parma, MI
$ 129,000
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign126
  • 2 Bed
  • 1 Bath
  • 1363 sft
6488 N Parma Rd, Parma, MI, 49269

Why Invest in Parma, Michigan?

Investing in Parma, MI properties under $500K offers an affordable entry point into a market with solid rental yields and steady appreciation. The area boasts an average ROI of around 7%, with a cap rate near 6% and consistent rental demand reflected in an average rental yield of 5%. Cash flow remains positive, with many properties generating attractive monthly returns. Parma’s renter-occupied rate is healthy, ensuring stable tenant occupancy and income for investors.

7%
Avg. ROI
5%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Parma offers a range of single-family homes, small multifamily units, and condos within the under $500K price range, suitable for both first-time investors and those expanding their portfolios.

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