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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 1 day ago
$ 399,900
ROI
24.9
Cash Flow/m
570- 2 Bed
- 3 Bath
- 1203 sft
2059 Columbia Rd, Berkley, MI, 48072
Listed for sale 2 days ago
$ 345,000
ROI
21.2Cash Flow/m
141- 3 Bed
- 2 Bath
- 1510 sft
2338 Tyler Ave, Berkley, MI, 48072
Listed for sale 6 days ago
$ 420,000
ROI
24.9Cash Flow/m
595- 3 Bed
- 3 Bath
- 1985 sft
2683 Harvard Rd, Berkley, MI, 48072
Listed for sale 7 days ago
$ 314,900
ROI
24.4Cash Flow/m
406- 3 Bed
- 2 Bath
- 2144 sft
3047 Cumberland 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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