Under $500K Investment Properties for Sale in Rumely, MI
135- 3 Bed
- 3 Bath
- 1700 sft
- 4 Bed
- 2 Bath
- 2052 sft
655- 4 Bed
- 1 Bath
- 1583 sft
144- 2 Bed
- 1 Bath
- 685 sft
116- 3 Bed
- 1 Bath
- 854 sft
102- 2 Bed
- 1 Bath
- 1042 sft
- 3 Bed
- 2 Bath
- 1400 sft
849- 3 Bed
- 2 Bath
- 1380 sft
- 1 Bed
- 1 Bath
- 621 sft
901- 3 Bed
- 2 Bath
- 1216 sft
751- 2 Bed
- 1 Bath
- 1132 sft
638- 3 Bed
- 1 Bath
- 1320 sft
96- 5 Bed
- 2 Bath
- 2300 sft
135- - Bed
- 1 Bath
- 628 sft
129- 2 Bed
- 1 Bath
- 820 sft
119- 1 Bed
- 1 Bath
- 780 sft
110- 1 Bed
- 1 Bath
- 360 sft
106- 3 Bed
- 1 Bath
- 1278 sft
753- 3 Bed
- 2 Bath
- 737 sft
808- 3 Bed
- 2 Bath
- 2185 sft
93- 2 Bed
- 1 Bath
- 867 sft
111- 2 Bed
- 1 Bath
- 940 sft
93- 5 Bed
- 1 Bath
- 1466 sft
646- 5 Bed
- 2 Bath
- 988 sft
Why Invest in Rumely, Michigan?
Investing in Rumely, MI, with properties under $500k offers a compelling opportunity for real estate investors. The local market provides an average ROI of 7.2% and a consistent rental yield of 6.5%, ideal for cash flow-focused portfolios. Cap rates are favorable at 6.8%, with average rents around $1,200 supporting steady cash flow. Appreciation trends show moderate growth at 3.2%, and a renter-occupied rate of 58% indicates a healthy rental demand. These factors create a balanced environment for investors seeking reliable returns in a smaller Michigan locale.
Frequently Asked Questions
Properties under $500k in Rumely primarily consist of single-family homes and small multi-family units, ideal for entry-level investors seeking rental income opportunities.
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