Under $500K Investment Properties for Sale in Rumely, MI
107- 3 Bed
- 1 Bath
- 1002 sft
119- 2 Bed
- 1 Bath
- 900 sft
120- 3 Bed
- 2 Bath
- 1510 sft
136- 3 Bed
- 2 Bath
- 1592 sft
104- 3 Bed
- 1 Bath
- 1033 sft
111- 2 Bed
- 1 Bath
- 696 sft
95- 3 Bed
- 1 Bath
- 2100 sft
103- 4 Bed
- 2 Bath
- 1797 sft
135- 3 Bed
- 1 Bath
- 1110 sft
117- 2 Bed
- 1 Bath
- 1112 sft
105- 3 Bed
- 2 Bath
- 1232 sft
142- 3 Bed
- 2 Bath
- 1850 sft
131- 2 Bed
- 1 Bath
- 1143 sft
104- 2 Bed
- 1 Bath
- 924 sft
129- 2 Bed
- 2 Bath
- 1252 sft
138- 2 Bed
- 1 Bath
- 1020 sft
- 3 Bed
- 2 Bath
- 1275 sft
117- 2 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 704 sft
96- 2 Bed
- 1 Bath
- 672 sft
92- 1 Bed
- 1 Bath
- 700 sft
111- 2 Bed
- 1 Bath
- 937 sft
125- 3 Bed
- 2 Bath
- 1520 sft
133- 3 Bed
- 1 Bath
- 966 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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