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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 2 days ago
$ 250,000
ROI
26.5
Cash Flow/m
472- 3 Bed
- 2 Bath
- 2062 sft
3325 Clark St, Wayne, MI, 48184
Listed for sale 5 days ago
$ 199,900
ROI
29.5Cash Flow/m
543- 3 Bed
- 1 Bath
- 1952 sft
4327 Eastlawn Ave, Wayne, MI, 48184
$ 170,000
ROI
29.6Cash Flow/m
467- 2 Bed
- 1 Bath
- 888 sft
3511 Barry St, Wayne, MI, 48184
$ 155,000
ROI
23.9Cash Flow/m
178- 3 Bed
- 2 Bath
- 1300 sft
4556 Cleveland 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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