Investment Properties for Sale in Richmond, MI
Listed for sale 6 days ago
$ 325,000
ROI
23.5
Cash Flow/m
343- 3 Bed
- 2 Bath
- 2520 sft
70155 Canterbury Dr, Richmond, MI, 48062
$ 299,900
ROI
21.2Cash Flow/m
121- 3 Bed
- 2 Bath
- 1491 sft
70845 Natures Way, Richmond, MI, 48062
$ 315,000
ROI
25.5Cash Flow/m
499- 4 Bed
- 2 Bath
- 2460 sft
36435 Madison St, Richmond, MI, 48062
$ 249,900
ROI
25.8Cash Flow/m
420- 2 Bed
- 2 Bath
- 2186 sft
34899 Pheasant Rdg, 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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