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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Richmond, MI
Listed for sale 5 days ago
$ 410,000
ROI
24.5
Cash Flow/m
536- 3 Bed
- 2 Bath
- 2925 sft
33133 32 Mile Rd, Richmond, MI, 48062
Listed for sale 7 days ago
$ 279,900
ROI
20.3Cash Flow/m
42- 3 Bed
- 2 Bath
- 3200 sft
71040 Omo Rd, Richmond, MI, 48062
$ 275,000
ROI
22.4Cash Flow/m
203- 2 Bed
- 3 Bath
- 2550 sft
34958 Meadowlark Ln, Richmond, MI, 48062
$ 261,000
ROI
25.8Cash Flow/m
437- 2 Bed
- 4 Bath
- 2411 sft
34973 Quail Trl, 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.
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