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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
$ 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
$ 329,900
ROI
19.8Cash Flow/m
5- 3 Bed
- 2 Bath
- 1800 sft
12164 Miller 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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