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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Richmond, MI
$ 280,000
ROI
27.6
Cash Flow/m
612- 3 Bed
- 3 Bath
- 1540 sft
70350 N Main St, Richmond, MI, 48062
$ 325,000
ROI
23.6Cash Flow/m
349- 4 Bed
- 2 Bath
- 2880 sft
70415 Canterbury Dr, Richmond, MI, 48062
$ 359,900
ROI
21.3Cash Flow/m
157- 3 Bed
- 3 Bath
- 2735 sft
70151 Crystal Dr, Richmond, MI, 48062
$ 164,000
ROI
27.6Cash Flow/m
357- 2 Bed
- 2 Bath
- 1035 sft
36796 Lakeview Ln, Richmond, MI, 48062
Why Invest in Richmond, Michigan?
Richmond, MI offers promising real estate investment opportunities, including attractive properties in the 'richmond-mi' area. With an average ROI of 7.2% and a rental yield around 6.5%, investors can expect solid cash flow. The cap rate of 5.5% and average rent of $1,100 provide a steady income stream, while appreciation rates near 3.1% indicate long-term growth potential. Approximately 42% of homes are renter-occupied, reflecting a stable rental market.
7.2%
Avg. ROI
6.5%
Rental Yield
5.5%
Cap Rate
$220/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average ROI for rental properties in Richmond is around 7.2%, reflecting a solid balance of rental yield and property appreciation in this market.
Find Your Perfect Investment Property in Richmond, Michigan
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