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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Pleasant Ridge, MI
$ 299,900
ROI
21.0
Cash Flow/m
103- 3 Bed
- 2 Bath
- 1036 sft
88 Wellesley Dr, Pleasant Ridge, MI, 48069
$ 299,999
ROI
20.9Cash Flow/m
99- 3 Bed
- 2 Bath
- 1423 sft
36 Woodward Heights Blvd, Pleasant Ridge, MI, 48069
$ 300,000
ROI
33.6Cash Flow/m
1156- 4 Bed
- 2 Bath
- 1799 sft
23 Fairwood Blvd, Pleasant Ridge, MI, 48069
$ 435,000
ROI
21.5Cash Flow/m
213- 3 Bed
- 2 Bath
- 1496 sft
24 Fairwood Blvd, Pleasant Ridge, MI, 48069
Why Invest in Pleasant Ridge, Michigan?
Investing in Pleasant Ridge, MI offers a unique opportunity to tap into a stable housing market with an average ROI of 7.5%. The city’s cap rate stands at a healthy 6.2%, complemented by a rental yield of 5.8%, making rental properties attractive for steady cash flow. Average cash flow for investors is around $350 per month, with average rent priced at $1,200. The area benefits from a 3.5% annual appreciation rate, and is predominantly renter-occupied at 55%, signaling consistent demand for rental properties.
7.5%
Avg. ROI
5.8%
Rental Yield
6.2%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Pleasant Ridge is approximately 5.8%, reflecting stable rental income relative to property values.
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