High ROI 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 high ROI properties in Novi, MI offers a lucrative opportunity for real estate investors seeking strong rental yields and steady cash flow. This vibrant city combines a diverse economy with affordable property prices, making it ideal for maximizing returns. Average ROI in Novi hovers around 8%, supported by cap rates near 6%, rental yields above 7%, and consistent property appreciation. The renter-occupied rate is healthy, reflecting steady demand amidst a growing population, ensuring sustainable income streams.
8%
Avg. ROI
7.2%
Rental Yield
6.1%
Cap Rate
$350/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for real estate investments in Novi typically ranges around 8%, making it a strong market for investors seeking good returns.
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