Under $500K Investment Properties for Sale in Clarkston, MI

Investing in Clarkston, MI under $500k offers a balanced opportunity for portfolio diversification. The local market showcases an average ROI of around 7% with solid rental yields near 8%, reflecting steady demand in the residential rental sector. Cap rates hover around 6.5%, while investors can expect an average cash flow of approximately $450 monthly. Appreciation rates have been consistent at 3% annually, supported by a renter occupancy rate of 65%. This makes Clarkston an attractive prospect within the Michigan housing market for investors focusing on affordable properties.