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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Wheeler, MI
Fix & Flip
$ 230,000
ROI
26.5
Cash Flow/m
431- 3 Bed
- 3 Bath
- 1248 sft
7933 E McGregor Rd, Wheeler, MI, 48662
$ 117,500
ROI
42.2Cash Flow/m
735- 3 Bed
- 1 Bath
- 1159 sft
8455 N Wheeler Rd, Wheeler, MI, 48662
$ 195,000
ROI
31.5Cash Flow/m
636- 3 Bed
- 2 Bath
- 1800 sft
4550 S Eight Mile Rd, Wheeler, MI, 48662
$ 229,000
ROI
27.5Cash Flow/m
493- 3 Bed
- 2 Bath
- 1633 sft
10433 N Ransom Rd, Wheeler, MI, 48662
Why Invest in Wheeler, Michigan?
Investing in Wheeler, MI under $500k offers a unique opportunity to enter a growing market with solid appreciation potential. This price filter highlights accessible properties with an average ROI of 7%, rental yields around 6%, and cap rates near 5%. The area's average rent is approximately $1,000, providing steady cash flow for investors. Renter occupancy rates remain high, reflecting consistent rental demand in this Michigan locale.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Wheeler typically include single-family homes, townhouses, and some smaller multifamily units, suitable for entry-level investors looking for stable rental income.
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