Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
$ 275,000
ROI
28.7Cash Flow/m
684- 3 Bed
- 1 Bath
- 1260 sft
215 Endwell St, Novi, MI, 48377
Listed for sale 6 days ago
$ 400,000
ROI
23.6Cash Flow/m
433- 2 Bed
- 3 Bath
- 2924 sft
47318 Cider Mill Dr, Novi, MI, 48374
Listed for sale 7 days ago
$ 174,500
ROI
23.9Cash Flow/m
201- 2 Bed
- 1 Bath
- 835 sft
39887 Village Wood Ln #379, Novi, MI, 48375
Why Invest in Novi, Michigan?
Investing in under $500k properties in Novi, MI offers a balanced combination of affordable entry points and steady rental yields. With a cap rate around 6%, investors can expect average cash flows near $700 monthly. The area's appreciation rate of about 3% annually makes it an appealing choice. Rental yield remains competitive at 8%, reflecting a strong renter-occupied rate near 45%. This market suits those seeking steady ROI in a growing suburban environment.
8%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$700/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $500k in Novi is approximately 8%, combining steady rental yields and moderate appreciation.
Find Your Perfect Investment Property in Novi, Michigan
Explore investment opportunities by strategy, performance, or property type
