High Rental Yield Investment Properties for Sale in Novi, MI
Listed for sale 2 days ago
$ 414,900
ROI
24.3
Cash Flow/m
527- 2 Bed
- 3 Bath
- 2628 sft
24597 Edgewood Dr, Novi, MI, 48374
Listed for sale 6 days ago
$ 380,000
ROI
24.7Cash Flow/m
525- 3 Bed
- 4 Bath
- 3447 sft
30836 Golden Rdg, Novi, MI, 48377
Listed for sale 6 days ago
$ 298,900
ROI
24.6Cash Flow/m
403- 3 Bed
- 1 Bath
- 1000 sft
1325 E Lake Dr, Novi, MI, 48377
Listed for sale 7 days ago
$ 899,900
ROI
21.2Cash Flow/m
270- 4 Bed
- 5 Bath
- 5575 sft
45932 Ashford Cir, Novi, MI, 48374
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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