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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
$ 285,000
ROI
29.6
Cash 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
$ 269,900
ROI
26.3Cash Flow/m
492- 3 Bed
- 1 Bath
- 2028 sft
905 Dexter Dr, 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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