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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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
$ 275,000
ROI
27.6Cash Flow/m
601- 2 Bed
- 1 Bath
- 875 sft
71 Kensington Blvd, Pleasant Ridge, MI, 48069
Why Invest in Pleasant Ridge, Michigan?
Investing in Pleasant Ridge, MI under $300k offers affordable entry into a stable market with steady rental demand. The area boasts an average ROI of 7%, with rental yields around 8%, driven by a strong renter-occupied rate of 65%. Cap rates hover near 6%, supporting positive cash flow and moderate appreciation of 3% annually. These metrics reflect a balanced investment environment backed by local economic growth and housing affordability.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Pleasant Ridge is approximately 8%, offering a competitive income stream for investors.
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