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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 4 days ago
$ 349,000
ROI
29.5
Cash Flow/m
947- 3 Bed
- 2 Bath
- 1766 sft
24840 Taft Rd, Novi, MI, 48375
Listed for sale 7 days ago
$ 659,000
ROI
20.4Cash Flow/m
62- 4 Bed
- 3 Bath
- 3571 sft
24295 Roma Ridge Dr, Novi, MI, 48374
Listed for sale 7 days ago
$ 275,000
ROI
28.7Cash Flow/m
684- 3 Bed
- 1 Bath
- 1260 sft
215 Endwell St, Novi, MI, 48377
Listed for sale 7 days ago
$ 400,000
ROI
23.6Cash Flow/m
433- 2 Bed
- 3 Bath
- 2924 sft
47318 Cider Mill Dr, 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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