Under $500K Investment Properties for Sale in Shepherd, MI
$ 149,900
ROI
23.1
Cash Flow/m
140- 4 Bed
- 2 Bath
- 1444 sft
302 W Orchard Ave, Shepherd, MI, 48883
$ 230,000
ROI
24.0Cash Flow/m
274- 3 Bed
- 1 Bath
- 2160 sft
333 N Chippewa St, Shepherd, MI, 48883
$ 172,000
ROI
24.3Cash Flow/m
216- 5 Bed
- 2 Bath
- 1600 sft
4183 E Walton Rd, Shepherd, MI, 48883
$ 185,000
ROI
29.2Cash Flow/m
485- 3 Bed
- 1 Bath
- 1528 sft
121 E Maple St, 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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