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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
Listed for sale 6 days ago
$ 160,000
ROI
20.8Cash Flow/m
45- 2 Bed
- 1 Bath
- 1035 sft
68457 Rosewood Ln, Richmond, MI, 48062
$ 259,900
ROI
20.2Cash Flow/m
33- 3 Bed
- 2 Bath
- 1428 sft
35930 Washington St, Richmond, MI, 48062
Why Invest in Richmond, Michigan?
Investing in Richmond, MI properties priced under $500k offers a balanced blend of affordability and growth potential. The local market boasts a steady average ROI of 7%, supported by a rental yield of 6% and a cap rate near 5%. Cash flow opportunities remain positive with an average monthly cash flow of $350, driven by a consistent renter-occupied rate of 54%. Appreciation trends show a moderate 3% growth, reflecting solid demand in this Michigan community.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Richmond typically yield an average ROI of 7% with stable rental and cash flow metrics, making them attractive for investors seeking moderate growth and income.
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