Under $300K 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 under $300k offers attractive opportunities with solid rental yields and a stable real estate market. With an average ROI around 8%, investors benefit from a cap rate near 7% and average cash flows of $250 per month. The city's renter occupancy rate stands high at 60%, reflecting steady demand. Appreciation rates of roughly 3% further support long-term growth in this affordable and promising market.
8%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Oak Park is approximately 6.5%, reflecting strong rental demand in the area.
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