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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 3 days ago
$ 184,900
ROI
23.5
Cash Flow/m
195- 3 Bed
- 2 Bath
- 1002 sft
10015 Brady, Redford, MI, 48239
Listed for sale 3 days ago
$ 250,000
ROI
22.1Cash Flow/m
163- 3 Bed
- 2 Bath
- 1225 sft
9984 Hemingway, Redford, MI, 48239
Listed for sale 6 days ago
$ 166,500
ROI
23.5Cash Flow/m
172- 3 Bed
- 1 Bath
- 960 sft
18735 Lexington, Redford, MI, 48240
$ 174,900
ROI
24.0Cash Flow/m
205- 3 Bed
- 1 Bath
- 1001 sft
13520 Fenton, 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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