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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
Listed for sale 3 days ago
$ 469,900
ROI
27.0
Cash Flow/m
946- 5 Bed
- 3 Bath
- 3106 sft
11323 Miner Rd, Parma, MI, 49269
Listed for sale 3 days ago
$ 259,999
ROI
30.5Cash Flow/m
774- 3 Bed
- 2 Bath
- 2000 sft
202 E Main St, Parma, MI, 49269
$ 245,000
ROI
25.3Cash Flow/m
375- 3 Bed
- 2 Bath
- 1090 sft
7953 Springport Rd, Parma, MI, 49269
$ 165,000
ROI
24.3Cash Flow/m
209- 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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