Under $500K Investment Properties for Sale in Hamtramck, MI
Listed for sale 1 day ago
$ 180,000
ROI
27.0
Cash Flow/m
365- 3 Bed
- 1 Bath
- 806 sft
11690 Gallagher St, Hamtramck, MI, 48212
Listed for sale 2 days ago
$ 170,000
ROI
24.3Cash Flow/m
215- 3 Bed
- 2 Bath
- 1558 sft
2049 Edwin St, Hamtramck, MI, 48212
Currently Rented
Rental Income
Listed for sale 3 days ago
$ 235,000
ROI
21.5Cash Flow/m
111- 6 Bed
- 2 Bath
- 2041 sft
2094 Trowbridge St, Hamtramck, MI, 48212
Listed for sale 6 days ago
$ 220,000
ROI
20.1Cash Flow/m
20- 4 Bed
- 1 Bath
- 1036 sft
5059 Harold 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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