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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Redford, MI
Listed for sale 1 day ago
$ 255,000
ROI
24.7
Cash Flow/m
354- 3 Bed
- 2 Bath
- 2396 sft
24686 Donald, Redford, MI, 48239
Listed for sale 1 day ago
$ 190,000
ROI
24.4Cash Flow/m
246- 3 Bed
- 1 Bath
- 1026 sft
27230 W Six Mile Rd, Redford, MI, 48240
Listed for sale 2 days ago
$ 199,900
ROI
28.4Cash Flow/m
482- 3 Bed
- 2 Bath
- 1801 sft
27143 Westland Rd, Redford, MI, 48240
Listed for sale 2 days ago
$ 185,000
ROI
23.9Cash Flow/m
214- 3 Bed
- 2 Bath
- 1759 sft
25610 Jennifer, Redford, MI, 48239
Why Invest in Redford, Michigan?
Investing in Redford, MI properties under $300k offers a strategic opportunity to capitalize on an affordable real estate market combined with solid rental yields. With an average ROI of around 7% and a cap rate of 6%, investors can expect stable cash flow supported by local employment growth. The area's renter-occupied rate near 55% indicates a consistent demand for rental housing. Appreciation rates remain steady, reflecting the city’s economic resilience and regional connectivity within the Detroit metro area.
7%
Avg. ROI
9%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Redford is approximately 9%, reflecting strong rental demand and affordable entry prices.
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