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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
Listed for sale 1 day ago
$ 125,500
ROI
23.3
Cash Flow/m
123- 3 Bed
- 1 Bath
- 1486 sft
549 Avenue A, Springfield, MI, 49037
$ 109,500
ROI
23.3Cash Flow/m
109- 3 Bed
- 1 Bath
- 912 sft
1031 Betterly Rd, Springfield, MI, 49037
$ 139,900
ROI
23.3Cash Flow/m
139- 3 Bed
- 1 Bath
- 1032 sft
228 Kirkwood Ave, Springfield, MI, 49037
$ 100,000
ROI
25.0Cash Flow/m
145- 2 Bed
- 1 Bath
- 720 sft
240 25th St N, 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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