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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Novi, MI
Listed for sale 3 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 6 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 6 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
$ 349,900
ROI
22.4Cash Flow/m
261- 3 Bed
- 1 Bath
- 1000 sft
1325 E Lake Dr, Novi, MI, 48377
Why Invest in Novi, Michigan?
Investing in single-family homes in Novi, MI offers attractive opportunities in a stable market. The local real estate benefits from an average ROI of 7.5% and a rental yield of 6%, driven by strong demand and community growth. Cap rates around 5.5% provide solid income potential, while average cash flow remains consistent, supported by rents averaging $1,600 monthly. Appreciation rates of 4% reflect steady property value increases, with renter-occupied rates near 30%, ensuring a reliable tenant base.
7.5%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average ROI for single-family homes in Novi is approximately 7.5%, reflecting a solid investment return supported by steady rental demand.
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