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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 4 days ago
$ 219,900
ROI
26.5
Cash 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
Listed for sale 5 days ago
$ 275,000
ROI
20.4Cash Flow/m
47- 3 Bed
- 2 Bath
- 1038 sft
14010 Hart St, 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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