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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 2 days ago
$ 195,000
ROI
24.2
Cash Flow/m
242- 3 Bed
- 1 Bath
- 986 sft
1726 Silman St, Ferndale, MI, 48220
Listed for sale 4 days ago
$ 299,999
ROI
20.8Cash Flow/m
83- 1 Bed
- 1 Bath
- 809 sft
211 E Nine Mile Rd Unit 213, Ferndale, MI, 48220
Fix & Flip
Listed for sale 4 days ago
$ 198,900
ROI
24.7Cash Flow/m
273- 3 Bed
- 2 Bath
- 1300 sft
293 Fielding St, Ferndale, MI, 48220
Listed for sale 5 days ago
$ 149,770
ROI
23.5Cash Flow/m
156- 2 Bed
- 1 Bath
- 855 sft
1453 Camden 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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