Under $500K Investment Properties for Sale in Lenox, MI
$ 289,900
ROI
23.4
Cash Flow/m
294- 3 Bed
- 1 Bath
- 1080 sft
28090 27 Mile Rd, Lenox, MI, 48048
$ 275,000
ROI
24.8Cash Flow/m
385- 3 Bed
- 2 Bath
- 1400 sft
64690 Gratiot Ave, Lenox, MI, 48050
$ 134,500
ROI
23.1Cash Flow/m
127- 3 Bed
- 2 Bath
- 1800 sft
37765 N Millstone Pond Blvd, Lenox, MI, 48048
$ 399,900
ROI
21.5Cash Flow/m
200- 3 Bed
- 3 Bath
- 1958 sft
37580 28 Mile Rd, Lenox, MI, 48048
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.
Find Your Perfect Investment Property in Lenox, Michigan
Explore investment opportunities by strategy, performance, or property type
