Investment Properties for Sale in Oak Park, MI
Listed for sale 2 days ago
$ 269,900
ROI
26.5
Cash Flow/m
507- 3 Bed
- 2 Bath
- 2164 sft
23541 Meadowlark Ave, Oak Park, MI, 48237
$ 299,900
ROI
22.4Cash Flow/m
216- 4 Bed
- 2 Bath
- - sft
13610 Pearson St, Oak park, MI, 48237
Listed for sale 3 days ago
$ 244,900
ROI
30.3Cash Flow/m
719- 3 Bed
- 2 Bath
- 2155 sft
22111 Gardner St, Oak Park, MI, 48237
Listed for sale 3 days ago
$ 234,900
ROI
20.9Cash Flow/m
76- 3 Bed
- 2 Bath
- 2073 sft
21951 Parklawn St, Oak Park, MI, 48237
Why Invest in Oak Park, Michigan?
Investing in Oak Park, MI offers great opportunities for real estate investors seeking stable returns and healthy rental yields. With an average ROI of around 7% and cap rates near 6%, investors can expect consistent cash flow and appreciation. The local rental market benefits from a renter-occupied rate of 65%, indicating ongoing demand for residential properties. Oak Park's strategic location near Detroit enhances economic growth potential and rental income stability.
7%
Avg. ROI
8.5%
Rental Yield
6%
Cap Rate
$950/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Oak Park is approximately 8.5%, making it a favorable market for rental property investors.
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