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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
Fix & Flip
Listed for sale 1 day ago
$ 150,000
ROI
24.0
Cash Flow/m
176- 3 Bed
- 1 Bath
- 988 sft
21920 Morton Ave, Oak Park, MI, 48237
Listed for sale 4 days ago
$ 219,900
ROI
26.5Cash 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
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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