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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 1 day ago
$ 228,000
ROI
22.6
Cash Flow/m
180- 2 Bed
- 2 Bath
- 2024 sft
68260 Rosewood Ln, Richmond, MI, 48062
Listed for sale 2 days ago
$ 225,000
ROI
20.4Cash Flow/m
41- 5 Bed
- 4 Bath
- 2088 sft
70550 Main St, Richmond, MI, 48062
$ 220,000
ROI
26.0Cash Flow/m
385- 3 Bed
- 1 Bath
- 999 sft
36261 Chaskey St, Richmond, MI, 48062
$ 535,000
ROI
23.3Cash Flow/m
477- 4 Bed
- 4 Bath
- 4132 sft
68135 Lake Angela Dr, 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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