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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Highland Park, MI
Rental Income
Listed for sale 1 day ago
$ 111,999
ROI
24.3
Cash Flow/m
140- 3 Bed
- 1 Bath
- 1471 sft
20471 Marx St, Highland Park, MI, 48203
$ 230,000
ROI
21.4Cash Flow/m
103- 4 Bed
- 3 Bath
- 2743 sft
550 W Grixdale, Highland Park, MI, 48203
$ 145,000
ROI
23.6Cash Flow/m
156- 4 Bed
- 2 Bath
- 1800 sft
195 Massachusetts St, Highland Park, MI, 48203
$ 114,900
ROI
24.8Cash Flow/m
162- 3 Bed
- 2 Bath
- 1759 sft
215 Winona St, Highland Park, MI, 48203
Why Invest in Highland Park, Michigan?
Investing in Highland Park, MI, with properties under $500k presents a unique opportunity in an evolving market. The average ROI here stands at a promising 7%, complemented by a rental yield of 6.5% and a cap rate of 5.8%. Cash flow averages $450 monthly, supported by a median rent of $1,200. Appreciation rates of 3% annually point to steady growth. These metrics combined with a renter occupancy of 70% highlight potential for strong returns on investment.
7%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Highland Park mainly include single-family homes and small multifamily units. These present affordable entry points for investors targeting steady rental income.
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