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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
$ 479,900
ROI
22.4
Cash Flow/m
357- 3 Bed
- 3 Bath
- 2117 sft
42738 Wimbleton Way, Novi, MI, 48377
Listed for sale 4 days ago
$ 369,000
ROI
21.4Cash Flow/m
172- 3 Bed
- 3 Bath
- 1520 sft
27971 Middleton Dr, Novi, MI, 48377
Listed for sale 6 days ago
$ 575,000
ROI
20.8Cash Flow/m
114- 4 Bed
- 3 Bath
- 2994 sft
25723 Sullivan Ln, Novi, MI, 48375
Listed for sale 7 days ago
$ 589,900
ROI
21.6Cash Flow/m
253- 3 Bed
- 4 Bath
- 2871 sft
39456 Squire 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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