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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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, MI under $500k offers a unique opportunity to capture steady rental yields in a growing market. The area has an average ROI of 7% and a cap rate of 6.5%, reflecting a healthy balance of cash flow and property appreciation. With average rents around $1,100 and a renter occupancy rate near 65%, investors can expect stable demand. Economic indicators show steady employment growth supporting continued housing demand.
7%
Avg. ROI
6%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Lennon is approximately 6%, offering a solid income stream for investors.
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