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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
$ 224,900
ROI
22.5
Cash Flow/m
173- 3 Bed
- 1 Bath
- 1460 sft
227 Eastlawn Ave, Parma, MI, 49269
$ 135,000
ROI
32.8Cash Flow/m
491- 3 Bed
- 2 Bath
- 1056 sft
7969 Brandon Dr, Parma, MI, 49269
$ 165,900
ROI
30.8Cash Flow/m
509- 2 Bed
- 2 Bath
- 1347 sft
9621 W Michigan Ave, Parma, MI, 49269
$ 234,900
ROI
27.5Cash Flow/m
505- 3 Bed
- 3 Bath
- 2000 sft
202 E Main St, 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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