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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 properties under $500k offers a balanced blend of affordability and growth potential. The local market demonstrates an average ROI of 7.2% with rental yields around 8%, appealing for rental property investors. Cap rates near 6% reflect solid income opportunities, complemented by average cash flow of $450 per month. Median rent is approximately $1,100, and property appreciation has remained stable at 3% annually. About 50% of housing is renter-occupied, supporting strong demand.
7.2%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $500k in Oak Park is approximately 8%, making it a strong market for rental income.
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