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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Richmond, MI
Listed for sale 1 day ago
$ 275,000
ROI
20.5
Cash Flow/m
57- 3 Bed
- 2 Bath
- 1232 sft
69053 Grove St, Richmond, MI, 48062
Listed for sale 5 days ago
$ 250,000
ROI
31.8Cash Flow/m
839- 4 Bed
- 2 Bath
- 2840 sft
28780 School Section Rd, Richmond, MI, 48062
Listed for sale 6 days ago
$ 160,000
ROI
20.8Cash Flow/m
45- 2 Bed
- 1 Bath
- 1035 sft
68457 Rosewood Ln, Richmond, MI, 48062
$ 259,900
ROI
20.2Cash Flow/m
33- 3 Bed
- 2 Bath
- 1428 sft
35930 Washington St, Richmond, MI, 48062
Why Invest in Richmond, Michigan?
Investing in Richmond, MI offers lucrative opportunities with a focus on properties delivering high rental yield. This city showcases an average ROI around 8%, rental yields near 7%, and cap rates at approximately 6%, making it attractive for cash flow-driven investors. Property appreciation remains steady, averaging 3% annually, while the rental market sees average rents around $900/month. With a renter-occupied rate above 45%, Richmond supports vibrant rental demand that maximizes investment returns.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for high rental yield properties in Richmond, MI is approximately 7%, making it an attractive market for investors seeking steady cash flow.
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