Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ferndale, MI
Listed for sale 6 days ago
$ 169,900
ROI
26.2
Cash Flow/m
307- 3 Bed
- 1 Bath
- 1682 sft
20792 Parkside Blvd, Ferndale, MI, 48220
Fix & Flip
$ 199,900
ROI
23.3Cash Flow/m
195- 3 Bed
- 2 Bath
- 1300 sft
293 Fielding St, Ferndale, MI, 48220
$ 200,000
ROI
20.8Cash Flow/m
59- 3 Bed
- 2 Bath
- 1050 sft
21326 Ithaca Ave, Ferndale, MI, 48220
$ 200,000
ROI
25.6Cash Flow/m
325- 2 Bed
- 1 Bath
- 872 sft
660 E Marshall St, 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.
Find Your Perfect Investment Property in Ferndale, Michigan
Explore investment opportunities by strategy, performance, or property type
