Under $300K Investment Properties for Sale in Farmington, MI
Listed for sale 3 days ago
$ 145,000
ROI
23.2
Cash Flow/m
138- 2 Bed
- 1 Bath
- 957 sft
23420 Middlebelt Rd, Farmington, MI, 48336
$ 219,000
ROI
21.9Cash Flow/m
131- 2 Bed
- 2 Bath
- 1834 sft
32109 W Twelve Mile Rd, Farmington, MI, 48334
$ 193,500
ROI
24.5Cash Flow/m
254- 2 Bed
- 1 Bath
- 1014 sft
23136 Lilac St, Farmington, MI, 48336
$ 275,000
ROI
21.7Cash Flow/m
151- 3 Bed
- 2 Bath
- 1215 sft
23115 Ashley St, Farmington, MI, 48336
Why Invest in Farmington, Michigan?
Investing in Farmington, MI properties under $300k offers a strategic entry point into a stable Michigan market. The area shows an average ROI of 7%, with rental yields around 6%, making it appealing for cash flow-focused investors. Cap rates stay healthy at 5%, while the average cash flow supports steady income. Farmington's average rent at $1,200 aligns well with local renter occupancy rates near 60%, supported by an appreciation of 3% annually, ensuring growth potential.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$600/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Farmington typically include single-family homes and some smaller multi-family units. These are ideal for entry-level investors seeking affordable real estate options.
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