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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Highland Park, MI
Rental Income
Listed for sale 1 day ago
$ 111,999
ROI
24.3
Cash Flow/m
140- 3 Bed
- 1 Bath
- 1471 sft
20471 Marx St, Highland Park, MI, 48203
$ 145,000
ROI
23.6Cash Flow/m
156- 4 Bed
- 2 Bath
- 1800 sft
195 Massachusetts St, Highland Park, MI, 48203
$ 114,900
ROI
24.8Cash Flow/m
162- 3 Bed
- 2 Bath
- 1759 sft
215 Winona St, Highland Park, MI, 48203
$ 129,000
ROI
23.6Cash Flow/m
138- 3 Bed
- 2 Bath
- 2245 sft
2597 W Eight Mile Rd, Highland Park, MI, 48203
Why Invest in Highland Park, Michigan?
Investing in Highland Park, MI with properties under $200k offers unique opportunities for affordable real estate investors. This market features an average ROI of 8.5% and a rental yield around 7%, supported by a cap rate of 6.2%. Investors can expect an average cash flow of $120 monthly, with average rents near $850 and steady appreciation of 3% annually. The area has a renter-occupied percentage near 55%, indicating healthy rental demand in this underserved market.
8.5%
Avg. ROI
7%
Rental Yield
6.2%
Cap Rate
$120/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $200k are single-family homes and small multi-family units. These offer affordable entry points for investors seeking rental income opportunities in the area.
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