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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
$ 330,000
ROI
21.7
Cash Flow/m
179- 4 Bed
- 3 Bath
- 2188 sft
24660 Manistee St, Oak Park, MI, 48237
Listed for sale 2 days ago
$ 199,900
ROI
23.9Cash Flow/m
228- 3 Bed
- 2 Bath
- 1129 sft
14085 Lincoln St, Oak Park, MI, 48237
Listed for sale 4 days ago
$ 319,900
ROI
22.5Cash Flow/m
248- 3 Bed
- 3 Bath
- 3054 sft
24231 Jerome St, Oak Park, MI, 48237
$ 350,000
ROI
20.4Cash Flow/m
66- 4 Bed
- 2 Bath
- 1682 sft
8865 Kenberton Dr, 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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