Under $300K Investment Properties for Sale in Lennon, MI
$ 105,000
ROI
23.8
Cash Flow/m
117- 2 Bed
- 2 Bath
- 1200 sft
11700 Park Dr, Lennon, MI, 48449
$ 285,000
ROI
29.6Cash Flow/m
777- 4 Bed
- 2 Bath
- 1852 sft
2292 S Duffield Rd, Lennon, MI, 48449
$ 169,900
ROI
23.5Cash Flow/m
178- 3 Bed
- 1 Bath
- 1092 sft
12463 W Lennon Rd, Lennon, MI, 48449
$ 209,900
ROI
20.1Cash Flow/m
22- 3 Bed
- 2 Bath
- 1300 sft
9571 Wilkinson Rd, Lennon, MI, 48449
Why Invest in Lennon, Michigan?
Investing in Lennon's under $300k housing market offers a promising entry point for real estate investors focused on affordable properties. The area shows solid rental yields averaging around 8%, with cap rates near 6%, making it attractive for steady cash flow. Appreciation rates hover around 3%, supported by a steady renter-occupied rate exceeding 55%. These metrics, combined with local economic growth, make Lennon a strategic choice for medium-risk, income-focused investors.
8%
Avg. ROI
7.5%
Rental Yield
6%
Cap Rate
$500/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent for properties priced under $300,000 in Lennon is approximately $950 per month, reflecting local market affordability.
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