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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Wayne, MI
Listed for sale today
$ 249,900
ROI
24.8
Cash Flow/m
349- 3 Bed
- 2 Bath
- 2164 sft
36436 Center Ct, Wayne, MI, 48184
Listed for sale 1 day ago
$ 180,000
ROI
24.7Cash Flow/m
247- 3 Bed
- 1 Bath
- 1665 sft
4300 Edmund St, Wayne, MI, 48184
Listed for sale 3 days ago
$ 259,900
ROI
21.5Cash Flow/m
122- 4 Bed
- 2 Bath
- 1332 sft
5157 Niagara St, Wayne, MI, 48184
Currently Rented
Rental Income
$ 200,000
ROI
23.5Cash Flow/m
208- 4 Bed
- 2 Bath
- 1960 sft
35230 Chestnut St, Wayne, MI, 48184
Why Invest in Wayne, Michigan?
Investing in Wayne, MI under $300k offers a promising entry point into the Detroit metropolitan area real estate market. With an average ROI of 7.5% and a rental yield around 8.2%, properties in this price range attract solid cash flow opportunities. The cap rate averages near 6.5%, while the average monthly rent is approximately $1,100, supporting positive appreciation trends of around 2%. Renter occupancy rates stay relatively high at 85%, reflecting stable demand in affordable housing sectors.
7.5%
Avg. ROI
8.2%
Rental Yield
6.5%
Cap Rate
$150/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k in Wayne, MI include single-family homes, townhouses, and some smaller multi-family units suited for investors seeking affordable entry points.
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