Single Family 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
$ 239,900
ROI
20.1Cash Flow/m
21- 3 Bed
- 2 Bath
- 1988 sft
68350 Mary 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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