High ROI 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?
Investing in Richmond, MI offers strong opportunities for those seeking high ROI properties. This city has an average ROI of 9.2%, enhanced by a rental yield of 7.8% for high cash flow properties. The cap rate sits around 6.5%, reflecting steady appreciation and rental demand. Average monthly rent is $1,200, supporting positive cash flow dynamics. With a renter-occupied rate over 60%, Richmond presents favorable market conditions for real estate investors.
9.2%
Avg. ROI
7.8%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for high ROI properties in Richmond is approximately 7.8%, offering attractive income potential for investors.
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