Under $500K Investment Properties for Sale in Southfield, MI
Fix & Flip
Motivated Seller
Listed for sale 1 day ago
$ 350,000
ROI
20.4
Cash Flow/m
60- 4 Bed
- 3 Bath
- 3936 sft
23162 Coventry Woods Ln, Southfield, MI, 48034
Listed for sale 2 days ago
$ 300,000
ROI
30.5Cash Flow/m
898- 4 Bed
- 2 Bath
- 2550 sft
20290 Lacrosse Ave, Southfield, MI, 48076
Listed for sale 3 days ago
$ 249,990
ROI
28.4Cash Flow/m
600- 3 Bed
- 2 Bath
- 1092 sft
17319 Wiltshire Blvd, Southfield, MI, 48076
Fix & Flip
Listed for sale 3 days ago
$ 295,000
ROI
20.4Cash Flow/m
54- 4 Bed
- 2 Bath
- 3000 sft
22333 Leewright Ave, Southfield, MI, 48033
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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