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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ferndale, MI
Listed for sale 4 days ago
$ 190,000
ROI
29.5
Cash Flow/m
517- 2 Bed
- 1 Bath
- 798 sft
1803 Channing St, Ferndale, MI, 48220
Rental Income
Listed for sale 7 days ago
$ 200,000
ROI
21.8Cash Flow/m
111- 2 Bed
- 1 Bath
- 786 sft
3237 Harris St, Ferndale, MI, 48220
Fix & Flip
$ 170,000
ROI
24.0Cash Flow/m
201- 2 Bed
- 1 Bath
- 998 sft
2000 Moorhouse St, Ferndale, MI, 48220
$ 199,900
ROI
20.7Cash Flow/m
52- 1 Bed
- 1 Bath
- 538 sft
211 E Nine Mile 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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