Single Family Investment Properties for Sale in Wayne, MI
Listed for sale 3 days ago
$ 214,900
ROI
28.0
Cash Flow/m
494- 3 Bed
- 2 Bath
- 1177 sft
34804 Ash St, Wayne, MI, 48184
Listed for sale 3 days ago
$ 164,900
ROI
30.5Cash Flow/m
494- 2 Bed
- 2 Bath
- 1078 sft
3366 Williams St, Wayne, MI, 48184
Listed for sale 6 days ago
$ 160,000
ROI
23.5Cash Flow/m
168- 2 Bed
- 1 Bath
- 1665 sft
4061 Hayes St, Wayne, MI, 48184
Fix & Flip
Listed for sale 6 days ago
$ 115,000
ROI
23.9Cash Flow/m
132- 3 Bed
- 1 Bath
- 1300 sft
4556 Cleveland St, Wayne, MI, 48184
Why Invest in Wayne, Michigan?
Investing in single-family homes in Wayne, MI offers a stable opportunity for rental income with an average ROI of 7%. The Detroit metro area's ongoing economic recovery supports a rental yield of approximately 9%, while the cap rate stands steady at 6.5%. Investors can expect an average monthly cash flow of $400 and rents around $1,200. Appreciation has been moderate at 3%, reflecting steady demand in this market with a renter-occupied rate of 48%.
7%
Avg. ROI
9%
Rental Yield
6.5%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The typical rental yield for single-family homes in Wayne is around 9%, making it a promising location for rental investment.
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