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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Hagerstown, MD
Fix & Flip
Listed for sale 1 day ago
$ 200,000
ROI
22.1
Cash Flow/m
131- 4 Bed
- 2 Bath
- 2372 sft
21521 Leitersburg Smithsburg Rd, Hagerstown, MD, 21742
Listed for sale 1 day ago
$ 179,500
ROI
32.9Cash Flow/m
658- 4 Bed
- 1 Bath
- 1800 sft
332 S Burhans Blvd E, Hagerstown, MD, 21740
Listed for sale 1 day ago
$ 184,500
ROI
33.0Cash Flow/m
678- 3 Bed
- 1 Bath
- 1114 sft
914 Salem Ave, Hagerstown, MD, 21740
Listed for sale 5 days ago
$ 142,900
ROI
26.1Cash Flow/m
253- 3 Bed
- 1 Bath
- 1350 sft
217 James St, Hagerstown, MD, 21740
Why Invest in Hagerstown, Maryland?
Discover investment properties under $200k in Hagerstown, MD, offering strong entry points for cash-flowing rentals. The metro area shows 4.6% rent growth and 7.4% multifamily cap rates, per NAR data. With GDP growth at 3.4% and emerging market status, these affordable homes deliver solid rental yields around 8-10%. Low vacancy at 5.6% supports steady income, ideal for value-add strategies in this up-and-coming location.
9.5%
Avg. ROI
9.2%
Rental Yield
7.4%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Yes, neighborhoods like Arts and Entertainment District offer listings around $139k median, ideal for rentals. These provide high yields due to 4.6% rent growth and low 5.6% vacancy. Focus on single-family homes for cash flow.
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