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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Pigeon, MI
$ 217,000
ROI
22.6
Cash Flow/m
170- 2 Bed
- 2 Bath
- 1072 sft
9156 Point Charities Ave, Pigeon, MI, 48755
$ 249,900
ROI
28.7Cash Flow/m
625- 3 Bed
- 2 Bath
- 1624 sft
7585 Tree Top Ln, Pigeon, MI, 48755
$ 450,000
ROI
21.3Cash Flow/m
198- 3 Bed
- 3 Bath
- 4328 sft
7242 King James Rd, Pigeon, MI, 48755
$ 229,999
ROI
27.5Cash Flow/m
494- 3 Bed
- 2 Bath
- 1600 sft
8621 Hoteling St, Pigeon, MI, 48755
Why Invest in Pigeon, Michigan?
Investing in residential properties under $500k in Pigeon, MI offers a great opportunity to tap into attractive rental yields averaging around 7%. The cap rate for this market stands near 6%, aligning well with steady average cash flows. Appreciation rates remain positive, reflecting a growing demand for affordable housing. With a renter-occupied rate of approximately 40%, the market is balanced yet promising for investors seeking stable returns.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$600/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI in Pigeon for properties under $500k is approximately 8%, making it a viable market for steady investment returns.
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