Under $500K 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
$ 249,900
ROI
25.8Cash Flow/m
420- 2 Bed
- 2 Bath
- 2186 sft
34899 Pheasant Rdg, 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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