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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Oak Park, MI
Listed for sale 1 day ago
$ 245,000
ROI
21.3
Cash Flow/m
105- 4 Bed
- 3 Bath
- 1760 sft
24091 Eastwood St, Oak Park, MI, 48237
Listed for sale 3 days ago
$ 230,000
ROI
27.4Cash Flow/m
490- 3 Bed
- 1 Bath
- 1098 sft
15130 Oak Park Blvd, Oak Park, MI, 48237
Listed for sale 3 days ago
$ 159,900
ROI
23.9Cash Flow/m
183- 2 Bed
- 1 Bath
- 827 sft
10750 Albany St, Oak Park, MI, 48237
Listed for sale 4 days ago
$ 199,900
ROI
23.5Cash Flow/m
211- 3 Bed
- 1 Bath
- 1000 sft
24341 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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