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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Shepherd, MI
$ 225,000
ROI
22.5
Cash Flow/m
172- 3 Bed
- 2 Bath
- 1100 sft
436 N Chippewa St, Shepherd, MI, 48883
$ 289,900
ROI
23.7Cash Flow/m
320- 3 Bed
- 3 Bath
- 2228 sft
10150 S Leaton Rd, Shepherd, MI, 48883
$ 280,000
ROI
20.8Cash Flow/m
84- 3 Bed
- 1 Bath
- 890 sft
429 S Geneva Rd, Shepherd, MI, 48883
$ 180,000
ROI
33.6Cash Flow/m
692- 4 Bed
- 2 Bath
- 1800 sft
3988 W Isabella Rd, Shepherd, MI, 48883
Why Invest in Shepherd, Michigan?
Investing in Shepherd, MI under $500k offers a strategic entry point into a stable local market. The area features solid rental yields averaging around 7.2% and an attractive cap rate near 6.5%. Average ROI for investors hovers at 8.1%, complemented by steady appreciation of 3.0% annually. Rental demand remains robust with a renter-occupied rate of 55%, reflecting healthy cash flow potential averaging $850 per month.
8.1%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Shepherd typically include single-family homes and small multifamily units, offering solid opportunities for rental income and appreciation.
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