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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Birmingham, MI
Listed for sale 2 days ago
$ 300,000
ROI
28.0
Cash Flow/m
684- 2 Bed
- 1 Bath
- 1139 sft
1650 Graefield Rd, Birmingham, MI, 48009
$ 299,900
ROI
21.9Cash Flow/m
177- 1 Bed
- 1 Bath
- 909 sft
1115 N Old Woodward Ave Unit 76, Birmingham, MI, 48009
$ 189,000
ROI
23.7Cash Flow/m
206- 2 Bed
- 2 Bath
- 898 sft
946 N Adams Rd Unit 2, Birmingham, MI, 48009
$ 259,000
ROI
20.6Cash Flow/m
63- 2 Bed
- 1 Bath
- 1148 sft
1985 Graefield Rd, Birmingham, MI, 48009
Why Invest in Birmingham, Michigan?
Investing in Birmingham, MI under $300k offers a unique opportunity for cost-conscious investors to tap into a stable Midwestern market. This price range attracts a strong renter base, with rental yields averaging around 7%, making cash flow reliable. The area's average ROI sits near 6%, supported by a cap rate of 5.2%. Appreciation in Birmingham remains steady at approximately 3% annually, reflecting ongoing demand. The renter-occupied housing percentage is healthy, bolstered by proximity to Detroit's employment hubs.
6%
Avg. ROI
7%
Rental Yield
5.2%
Cap Rate
$700/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Rental yields for properties under $300k in Birmingham average around 7%, making these investment properties attractive for consistent cash flow.
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