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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Novi, MI
Listed for sale 3 days ago
$ 819,000
ROI
20.8
Cash Flow/m
162- 4 Bed
- 4 Bath
- 4686 sft
24354 Amanda Ln, Novi, MI, 48375
Listed for sale 4 days ago
$ 425,000
ROI
23.0Cash Flow/m
377- 3 Bed
- 3 Bath
- 2451 sft
24946 Fairway Hills Dr, Novi, MI, 48374
Listed for sale 6 days ago
$ 599,000
ROI
21.9Cash Flow/m
294- 4 Bed
- 4 Bath
- 3264 sft
24560 Knollwood Dr, Novi, MI, 48375
Listed for sale 7 days ago
$ 429,900
ROI
26.1Cash Flow/m
763- 4 Bed
- 4 Bath
- 2618 sft
43470 Algonquin Dr, Novi, MI, 48375
Why Invest in Novi, Michigan?
Investing in Novi, MI offers attractive opportunities with high rental yields that appeal to savvy investors. The city's average rental yield of 9.2% and a solid cap rate of 7.5% make it a strong market for steady income. With the average ROI around 10.3% and cash flow averaging $350 monthly, Novi stands out in Michigan. The average rent is $1,200, supported by a growing renter-occupied rate at 46%. Recent appreciation rates near 5% indicate healthy growth potential.
10.3%
Avg. ROI
9.2%
Rental Yield
7.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Novi for properties targeting high cash flow is around 9.2%, making it attractive for investors seeking steady income.
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