Under $500K Investment Properties for Sale in Berkley, MI
Listed for sale 1 day ago
$ 224,900
ROI
28.1
Cash Flow/m
520- 2 Bed
- 2 Bath
- 714 sft
3589 Buckingham Ave, Berkley, MI, 48072
Listed for sale 2 days ago
$ 269,000
ROI
28.0Cash Flow/m
620- 3 Bed
- 1 Bath
- 840 sft
1705 West Blvd, Berkley, MI, 48072
Listed for sale 4 days ago
$ 335,000
ROI
23.1Cash Flow/m
314- 3 Bed
- 1 Bath
- 1072 sft
3188 Ellwood Ave, Berkley, MI, 48072
Listed for sale 5 days ago
$ 249,900
ROI
23.9Cash Flow/m
290- 2 Bed
- 1 Bath
- 822 sft
2400 Oxford 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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