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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Hamtramck, MI
Rental Income
Listed for sale 3 days ago
$ 290,000
ROI
20.7
Cash Flow/m
74- 4 Bed
- 2 Bath
- 2448 sft
11428 Lumpkin St, Hamtramck, MI, 48212
$ 235,000
ROI
29.9Cash Flow/m
664- 4 Bed
- 2 Bath
- 1470 sft
2470 Andrus St, Hamtramck, MI, 48212
$ 204,900
ROI
24.6Cash Flow/m
278- 3 Bed
- 1 Bath
- 1020 sft
5170 Evaline St, Hamtramck, MI, 48212
$ 244,900
ROI
21.1Cash Flow/m
95- 4 Bed
- 2 Bath
- 1612 sft
11334 Klinger St, Hamtramck, MI, 48212
Why Invest in Hamtramck, Michigan?
Investing in Hamtramck, MI under $500k properties offers a unique opportunity to capitalize on the city's affordable real estate market. With an average rental yield of 8.5%, investors benefit from strong cash flow and steady appreciation of 3.2% annually. The area's cap rate is a healthy 7%, supported by a renter-occupied rate of 65%, indicating high demand for rental units. Economic stability is reflected in consistent job growth and a diverse employment base.
7.5%
Avg. ROI
8.5%
Rental Yield
7%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Yes, Hamtramck offers affordable properties with strong rental yields around 8.5% and a growing renter population, making it attractive for investors under $500k.
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