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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
$ 450,000
ROI
24.8
Cash Flow/m
637- 3 Bed
- 3 Bath
- 3088 sft
22810 Ennishore Dr, Novi, MI, 48375
Listed for sale 3 days ago
$ 219,900
ROI
21.6Cash Flow/m
114- 2 Bed
- 2 Bath
- 1270 sft
22173 Pondview, Novi, MI, 48375
Listed for sale 7 days ago
$ 358,000
ROI
21.4Cash Flow/m
162- 3 Bed
- 3 Bath
- 1260 sft
41474 Cornell Dr, Novi, MI, 48377
$ 230,000
ROI
22.4Cash Flow/m
171- 2 Bed
- 2 Bath
- 1771 sft
23659 Stonehenge Blvd, 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.
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