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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Jerome, MI
$ 179,900
ROI
23.2
Cash Flow/m
171- 2 Bed
- 1 Bath
- 960 sft
11045 Northwest Dr, Jerome, MI, 49249
$ 199,000
ROI
31.5Cash Flow/m
650- 3 Bed
- 2 Bath
- 1152 sft
10841 N Waldron Rd, Jerome, MI, 49249
$ 105,000
ROI
23.9Cash Flow/m
120- 4 Bed
- 1 Bath
- 1200 sft
13066 Calhoun Rd, Jerome, MI, 49249
$ 200,000
ROI
33.9Cash Flow/m
787- 3 Bed
- 2 Bath
- 1792 sft
8260 Moreland Rd, Jerome, MI, 49249
Why Invest in Jerome, Michigan?
Investing in Jerome, MI properties under $200k offers an affordable entry point into this growing market. With an average ROI of 7.2% and a cap rate around 6%, investors can benefit from solid rental yields near 8.5%. The area has a renter occupancy rate of 52% and average rents of about $950, making it attractive for steady cash flow investments. Property appreciation of 3% annually reflects gradual economic growth, supported by stable local employment.
7.2%
Avg. ROI
8.5%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Jerome offers a mix of single-family homes and small multi-family properties under $200k, ideal for entry-level investors seeking rental income.
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