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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Ferndale, MI
Listed for sale 1 day ago
$ 240,000
ROI
20.2
Cash Flow/m
27- 3 Bed
- 2 Bath
- 1148 sft
1313 W Hazelhurst St, Ferndale, MI, 48220
Listed for sale 6 days ago
$ 240,000
ROI
26.8Cash Flow/m
469- 2 Bed
- 2 Bath
- 925 sft
536 E Oakridge St, Ferndale, MI, 48220
Listed for sale 6 days ago
$ 169,900
ROI
26.2Cash Flow/m
307- 3 Bed
- 1 Bath
- 1682 sft
20792 Parkside Blvd, Ferndale, MI, 48220
Listed for sale 6 days ago
$ 215,000
ROI
24.5Cash Flow/m
284- 2 Bed
- 1 Bath
- 886 sft
2139 Romeo 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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