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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
$ 150,000
ROI
23.7
Cash Flow/m
164- 2 Bed
- 2 Bath
- 1300 sft
9791 Cronk Rd, Lennon, MI, 48449
$ 199,900
ROI
28.8Cash Flow/m
502- 3 Bed
- 1 Bath
- 1064 sft
899 Oak St, Lennon, MI, 48449
$ 280,000
ROI
20.7Cash Flow/m
77- 4 Bed
- 3 Bath
- 2200 sft
1387 S Byron Rd, Lennon, MI, 48449
$ 150,000
ROI
24.8Cash Flow/m
212- 3 Bed
- 2 Bath
- 1360 sft
11647 E Lennon 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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