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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Lenox, MI
$ 399,900
ROI
21.5
Cash Flow/m
200- 3 Bed
- 3 Bath
- 1958 sft
37580 28 Mile Rd, Lenox, MI, 48048
$ 400,000
ROI
27.9Cash Flow/m
905- 5 Bed
- 3 Bath
- 2737 sft
28444 29 Mile Rd, Lenox, MI, 48048
$ 124,900
ROI
23.3Cash Flow/m
122- 3 Bed
- 2 Bath
- 1444 sft
37112 Grindstone Trl, Lenox, MI, 48048
$ 274,999
ROI
20.0Cash Flow/m
17- 3 Bed
- 1 Bath
- 1560 sft
33555 31 Mile Rd, Lenox, MI, 48050
Why Invest in Lenox, Michigan?
Investing in Lenox, MI, properties priced under $500k offers a strategic entry point into a growing market. This area features an average ROI of 7%, with rental yields around 6.5% and cap rates close to 5%. The average cash flow remains positive, supported by a strong renter-occupied rate exceeding 55%. Appreciation rates are moderate, reflecting steady economic growth and demand for affordable housing in the region.
7%
Avg. ROI
6.5%
Rental Yield
5%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties priced under $500k in Lenox is approximately 6.5%, making it an attractive market for rental income.
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