High Rental Yield Investment Properties for Sale in Richmond, MI
Listed for sale 7 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?
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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