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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
Listed for sale 6 days ago
$ 199,900
ROI
24.6
Cash Flow/m
269- 3 Bed
- 1 Bath
- 1200 sft
11338 Lumpkin St, Hamtramck, MI, 48212
$ 167,750
ROI
28.3Cash Flow/m
399- 10 Bed
- 3 Bath
- 1547 sft
2680 Carpenter St, Hamtramck, MI, 48212
Rental Income
$ 194,900
ROI
21.8Cash Flow/m
108- 5 Bed
- 2 Bath
- 3000 sft
5151 Yemans St, Hamtramck, MI, 48212
$ 225,000
ROI
21.3Cash Flow/m
93- 4 Bed
- 3 Bath
- 1201 sft
2422 Commor 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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