Under $200K Investment Properties for Sale in Ferndale, MI
Listed for sale 1 day ago
$ 173,500
ROI
23.2
Cash Flow/m
166- 2 Bed
- 1 Bath
- 800 sft
880 Jewell St, Ferndale, MI, 48220
Listed for sale 6 days ago
$ 155,000
ROI
24.2Cash Flow/m
190- 2 Bed
- 1 Bath
- 712 sft
1771 University St, Ferndale, MI, 48220
Listed for sale 7 days ago
$ 194,900
ROI
24.5Cash Flow/m
255- 3 Bed
- 1 Bath
- 1019 sft
215 Edgewood Pl, Ferndale, MI, 48220
Listed for sale 7 days ago
$ 187,000
ROI
30.9Cash Flow/m
578- 2 Bed
- 1 Bath
- 799 sft
2138 Leitch Rd, Ferndale, MI, 48220
Why Invest in Ferndale, Michigan?
Investing in Ferndale, MI within the under $200k market offers solid opportunities for rental property income. This city has a strong renter-occupied rate of around 60%, with average rental yields near 7%. Investors can expect average ROI of about 8% and a cap rate close to 6%. Appreciation rates remain steady at 3%, while average cash flow is healthy compared to similar Michigan cities. Ferndale combines affordability with strong market fundamentals for prudent investors.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Ferndale often include smaller single-family homes, condos, and some multi-family units. These offer good rental potential and steady demand.
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