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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
$ 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
$ 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 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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