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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Richmond, MI
Listed for sale 7 days ago
$ 160,000
ROI
20.8
Cash Flow/m
45- 2 Bed
- 1 Bath
- 1035 sft
68457 Rosewood Ln, Richmond, MI, 48062
Motivated Seller
$ 199,950
ROI
24.9Cash Flow/m
287- 3 Bed
- 2 Bath
- 2292 sft
34429 33 Mile Rd, Richmond, MI, 48062
$ 190,000
ROI
20.1Cash Flow/m
17- 2 Bed
- 2 Bath
- 1662 sft
68463 Rosewood Ln #15, Richmond, MI, 48062
$ 164,000
ROI
27.6Cash Flow/m
357- 2 Bed
- 2 Bath
- 1035 sft
36796 Lakeview Ln, Richmond, MI, 48062
Why Invest in Richmond, Michigan?
Investing in Richmond, MI properties under $200k offers a unique entry point into a growing real estate market. With an average ROI of 7.2%, rental yield around 8%, and cap rates near 6%, this filter highlights affordable assets with solid cash flow. The average rent stabilizes at approximately $900, while annual appreciation is steady at 2.5%. The renter-occupied rate is notable at 50%, indicating strong rental demand.
7.2%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200k in Richmond is approximately 8%, making these properties attractive for income-focused investors.
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