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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Berkley, MI
Listed for sale 5 days ago
$ 295,000
ROI
27.4
Cash Flow/m
625- 3 Bed
- 1 Bath
- 1992 sft
1355 Harvard Rd, Berkley, MI, 48072
Listed for sale 6 days ago
$ 395,000
ROI
22.4Cash Flow/m
291- 4 Bed
- 3 Bath
- 2000 sft
2798 Royal Ave, Berkley, MI, 48072
Listed for sale 6 days ago
$ 299,000
ROI
21.3Cash Flow/m
126- 3 Bed
- 2 Bath
- 2060 sft
1404 Eleven Mile Rd, Berkley, MI, 48072
$ 300,000
ROI
25.2Cash Flow/m
452- 3 Bed
- 2 Bath
- 1738 sft
1150 Eleven Mile Rd, Berkley, MI, 48072
Why Invest in Berkley, Michigan?
Investing in Berkley, MI properties under $500K offers a promising opportunity for steady returns. This city boasts an average ROI of 6.2% and a rental yield nearing 7%, making it attractive for income-driven investors. Cap rates average around 5.5%, with average monthly rents at about $1,100, providing consistent cash flow. With a renter-occupied rate at 42% and appreciation around 3%, Berkley presents a balanced market for diversified portfolios.
6.2%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$200/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500K in Berkley mostly include single-family homes and small multi-family units. These often attract investors looking for stable rental income and potential for moderate appreciation.
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