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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
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
$ 259,900
ROI
20.2Cash Flow/m
33- 3 Bed
- 2 Bath
- 1428 sft
35930 Washington St, Richmond, MI, 48062
$ 287,000
ROI
30.3Cash Flow/m
843- 4 Bed
- 2 Bath
- 1700 sft
33700 Pratt Rd, 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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