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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Oak Park, MI
Listed for sale 2 days ago
$ 244,999
ROI
23.3
Cash Flow/m
244- 3 Bed
- 1 Bath
- 1539 sft
24011 Geneva St, 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
$ 415,000
ROI
23.6Cash Flow/m
449- 4 Bed
- 3 Bath
- 2127 sft
26061 Marlowe Pl, Oak Park, MI, 48237
Listed for sale 4 days ago
$ 200,000
ROI
31.9Cash Flow/m
678- 3 Bed
- 1 Bath
- 988 sft
22731 Manistee 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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