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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 4 days ago
$ 479,900
ROI
22.4
Cash Flow/m
357- 3 Bed
- 3 Bath
- 2117 sft
42738 Wimbleton Way, Novi, MI, 48377
Listed for sale 4 days ago
$ 369,000
ROI
21.4Cash Flow/m
172- 3 Bed
- 3 Bath
- 1520 sft
27971 Middleton Dr, Novi, MI, 48377
$ 389,000
ROI
26.1Cash Flow/m
689- 3 Bed
- 2 Bath
- 1650 sft
42352 Park Ridge Rd, Novi, MI, 48375
$ 470,000
ROI
22.5Cash Flow/m
353- 3 Bed
- 3 Bath
- 2043 sft
39478 Squire Rd, 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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