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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Richmond, MI
$ 280,000
ROI
27.6
Cash Flow/m
612- 3 Bed
- 3 Bath
- 1540 sft
70350 N Main St, Richmond, MI, 48062
$ 325,000
ROI
23.6Cash Flow/m
349- 4 Bed
- 2 Bath
- 2880 sft
70415 Canterbury Dr, Richmond, MI, 48062
$ 359,900
ROI
21.3Cash Flow/m
157- 3 Bed
- 3 Bath
- 2735 sft
70151 Crystal Dr, Richmond, MI, 48062
$ 249,900
ROI
22.1Cash Flow/m
160- 3 Bed
- 1 Bath
- 925 sft
70424 Karen St, Richmond, MI, 48062
Why Invest in Richmond, Michigan?
Investing in single-family homes in Richmond, MI offers a unique opportunity for steady cash flow and reasonable appreciation. The local market sees an average ROI of 7%, with rental yields around 8%, making it attractive for investors seeking reliable rental income. Capitalization rates hover near 6%, while average cash flow remains stable due to strong renter occupancy of approximately 70%. Richmond's affordable housing market combined with moderate appreciation rates around 3% supports sustainable long-term investment growth.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Richmond is about 8%, providing a solid income stream for investors.
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