Under $500K 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 Wayne, MI under $500k properties offers a unique opportunity to tap into a stable market with strong rental yields. With an average ROI of around 7%, investors benefit from steady cash flow and a cap rate near 6%. The area features a renter-occupied rate of approximately 55%, reflecting consistent tenant demand. Appreciation rates hover around 2% annually, aligning with economic growth in the region. These metrics suggest Wayne is a viable choice for real estate investment focused on affordability and growth.
7%
Avg. ROI
6.5%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Wayne typically yield an average ROI of around 7%, making them attractive for steady income and growth.
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