Townhouse Investment Properties for Sale in Novi, MI
$ 359,900
ROI
22.9
Cash Flow/m
314- 2 Bed
- 3 Bath
- 1518 sft
27928 Hopkins Dr, Novi, MI, 48377
$ 535,000
ROI
31.4Cash Flow/m
1662- 4 Bed
- 4 Bath
- 2838 sft
24827 Ivy, Novi, MI, 48375
$ 545,000
ROI
24.6Cash Flow/m
674- 3 Bed
- 4 Bath
- 2838 sft
43583 Chancellor Ln, Novi, MI, 48375
$ 345,000
ROI
26.9Cash Flow/m
683- 3 Bed
- 3 Bath
- 2432 sft
29307 Douglas Dr, Novi, MI, 48377
Why Invest in Novi, Michigan?
Townhouse investments in Novi, MI provide a balanced opportunity for steady cash flow and appreciation. The local market offers an average ROI of 7.5% with rental yields consistently above 6%. Cap rates remain healthy, supporting investment stability in this suburban city. Novi's growing renter population and average rent of $1,350 contribute to attractive cash flow potential. This filter highlights the demand for townhouses, making it a strategic choice for investors targeting diversified portfolios.
7.5%
Avg. ROI
6.2%
Rental Yield
5.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1350/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for townhouse investments in Novi is approximately 7.5%, driven by steady rental income and property appreciation.
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