51207 Luke Ln, Novi, MI
$499,999
Investment property in Novi, MI 48374, listed on the Roofstock/Stessa investment property marketplace.
- Location
- Novi, MI 48374
- Type
- Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Sq ft
- 2,064
- Cap rate
- 4.8% Cap Rate
Investment snapshot
- Price per square foot
- $242 — $499,999 across 2,064 sq ft
- Cap rate
- 4.8% — implies about $24,000 per year in net operating income at the listed price
- Cap rate vs. Michigan
- 0.8 pts below the Michigan average — Michigan averages 5.6% across 22 active turnkey listings
- Price vs. Michigan
- 164% above the Michigan median — median asking price in Michigan is $189,450
- Tracked since
- October 9, 2026 — aggregated from Roofstock
View original listing on Roofstock
