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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Southfield, MI
Listed for sale 1 day ago
$ 199,000
ROI
24.6
Cash Flow/m
267- 3 Bed
- 2 Bath
- 2103 sft
22903 N Bellwood Dr, Southfield, MI, 48034
Listed for sale 3 days ago
$ 405,000
ROI
21.3Cash Flow/m
177- 3 Bed
- 2 Bath
- 2754 sft
28438 San Marino Dr, Southfield, MI, 48034
Fix & Flip
Listed for sale 3 days ago
$ 479,900
ROI
25.5Cash Flow/m
769- 4 Bed
- 3 Bath
- 2177 sft
17143 Coral Gables Ave, Southfield, MI, 48076
Listed for sale 4 days ago
$ 215,000
ROI
21.0Cash Flow/m
74- 3 Bed
- 2 Bath
- 2132 sft
21821 Concord St, Southfield, MI, 48076
Why Invest in Southfield, Michigan?
Investing in Southfield, MI, with properties under $500k offers a robust opportunity in a stable market. The area boasts an average ROI of 7%, rental yields near 8%, and a cap rate of about 6.5%, making it attractive for rental income. Cash flow averages $400 per month, supported by an average rent of $1,200. Appreciation rates hold steady around 3%, reflecting gradual economic growth. Approximately 60% of housing in Southfield is renter-occupied, providing consistent demand.
7%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Southfield offers affordable properties under $500k with solid rental yields and steady appreciation. Its proximity to Detroit and presence of major employers create consistent rental demand.
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