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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Lennon, MI
$ 269,900
ROI
26.3
Cash Flow/m
492- 3 Bed
- 1 Bath
- 2028 sft
905 Dexter Dr, Lennon, MI, 48449
$ 125,000
ROI
23.5Cash Flow/m
130- 4 Bed
- 1 Bath
- 1300 sft
1013 Oak St, Lennon, MI, 48449
$ 189,900
ROI
22.0Cash Flow/m
116- 3 Bed
- 1 Bath
- 925 sft
11695 E Lytle Rd, Lennon, MI, 48449
$ 255,000
ROI
22.9Cash Flow/m
223- 3 Bed
- 3 Bath
- 3080 sft
11840 Woodland Dr, 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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