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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 2 days ago
$ 295,000
ROI
23.1
Cash Flow/m
279- 3 Bed
- 2 Bath
- 1189 sft
29632 Chelmsford Rd, Southfield, MI, 48076
Fix & Flip
Listed for sale 4 days ago
$ 440,000
ROI
30.4Cash Flow/m
1302- 5 Bed
- 5 Bath
- 3327 sft
22262 Chatsford Circuit, Southfield, MI, 48034
Listed for sale 4 days ago
$ 375,000
ROI
24.7Cash Flow/m
514- 4 Bed
- 3 Bath
- 3264 sft
21455 Independence Dr, Southfield, MI, 48076
Listed for sale 5 days ago
$ 500,000
ROI
22.7Cash Flow/m
407- 4 Bed
- 4 Bath
- 5044 sft
22560 Kenwyck Dr, Southfield, MI, 48034
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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