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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 4 days ago
$ 219,900
ROI
26.5
Cash Flow/m
410- 3 Bed
- 1 Bath
- 1988 sft
21300 Westhampton St, Oak Park, MI, 48237
Listed for sale 4 days ago
$ 224,900
ROI
31.7Cash Flow/m
745- 3 Bed
- 2 Bath
- 1325 sft
14620 Pearson St, Oak Park, MI, 48237
Listed for sale 5 days ago
$ 200,000
ROI
21.5Cash Flow/m
98- 3 Bed
- 2 Bath
- 1540 sft
21350 Kipling St, Oak Park, MI, 48237
Listed for sale 5 days ago
$ 275,000
ROI
20.4Cash Flow/m
47- 3 Bed
- 2 Bath
- 1038 sft
14010 Hart 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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