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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 1 day ago
$ 275,000
ROI
28.0
Cash Flow/m
627- 3 Bed
- 3 Bath
- 1848 sft
37542 Whitney Dr, Wayne, MI, 48184
Listed for sale 3 days ago
$ 159,900
ROI
24.2Cash Flow/m
200- 3 Bed
- 1 Bath
- 1222 sft
34321 John St, Wayne, MI, 48184
Listed for sale 3 days ago
$ 154,999
ROI
23.0Cash Flow/m
140- 3 Bed
- 1 Bath
- 920 sft
34948 Richard St, Wayne, MI, 48184
Listed for sale 3 days ago
$ 159,000
ROI
24.3Cash Flow/m
200- 3 Bed
- 2 Bath
- 1859 sft
31651 Grant 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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