Under $500K 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 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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