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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Springfield, MI
$ 209,900
ROI
21.6
Cash Flow/m
107- 3 Bed
- 2 Bath
- 1170 sft
252 23rd St N, Springfield, MI, 49037
$ 195,000
ROI
22.5Cash Flow/m
151- 3 Bed
- 2 Bath
- 1415 sft
16 Oak Grove Rd, Springfield, MI, 49037
$ 150,000
ROI
31.6Cash Flow/m
495- 3 Bed
- 1 Bath
- 864 sft
30 Avenue B, Springfield, MI, 49037
$ 125,500
ROI
23.5Cash Flow/m
131- 3 Bed
- 1 Bath
- 1486 sft
549 Avenue A, Springfield, MI, 49037
Why Invest in Springfield, Michigan?
Investing in Springfield, MI properties under $500k offers a unique opportunity in a market with steady appreciation and solid rental yields. This affordable segment attracts diverse renters, contributing to an average rental yield of 7.5%. The average ROI for investors is approximately 8%, with cash flow remaining positive thanks to an average monthly rent near $1,200. Cap rates in this range hover around 6%, indicating a healthy investment climate. With renter-occupied rates above 60%, demand remains strong and stable.
8%
Avg. ROI
7.5%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Springfield is approximately 8%, making it a solid investment segment with steady returns.
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