Under $300K Investment Properties for Sale in Ferndale, MI
Listed for sale 1 day ago
$ 190,000
ROI
23.7
Cash Flow/m
210- 2 Bed
- 2 Bath
- 1187 sft
201 W Webster St, Ferndale, MI, 48220
Listed for sale 1 day ago
$ 270,000
ROI
26.5Cash Flow/m
510- 3 Bed
- 2 Bath
- 1214 sft
404 Laprairie St, Ferndale, MI, 48220
Listed for sale 1 day ago
$ 173,500
ROI
24.4Cash Flow/m
224- 2 Bed
- 1 Bath
- 800 sft
880 Jewell St, Ferndale, MI, 48220
Listed for sale 1 day ago
$ 179,950
ROI
23.8Cash Flow/m
202- 3 Bed
- 1 Bath
- 822 sft
2147 Almont St, Ferndale, MI, 48220
Why Invest in Ferndale, Michigan?
Investing in Ferndale, MI properties under $300k offers a unique opportunity to enter an affordable market with steady appreciation. With an average ROI around 6.2%, rental yields near 7.5%, and cap rates about 5.8%, this city is attractive for investors seeking consistent cash flow and rental demand. The average rent is reasonable, supporting stable occupancy rates. Ferndale's growing local economy and proximity to Detroit add to its investment appeal.
6.2%
Avg. ROI
7.5%
Rental Yield
5.8%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Ferndale is approximately 7.5%, offering attractive returns for investors on affordable housing.
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