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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Melvin, MI
$ 199,900
ROI
25.7
Cash Flow/m
333- 4 Bed
- 1 Bath
- 1500 sft
1023 W Burns Line Rd, Melvin, MI, 48454
$ 350,000
ROI
23.5Cash Flow/m
363- 3 Bed
- 3 Bath
- 2204 sft
6886 Duquette Rd, Melvin, MI, 48454
Fix & Flip
$ 200,000
ROI
30.4Cash Flow/m
592- 4 Bed
- 3 Bath
- 1800 sft
1181 Main St, Melvin, MI, 48454
$ 329,900
ROI
21.2Cash Flow/m
133- 3 Bed
- 2 Bath
- 3600 sft
681 E Burns Line Rd, Melvin, MI, 48454
Why Invest in Melvin, Michigan?
Investing in Melvin, MI offers a promising opportunity for real estate investors seeking mid-Michigan growth. This market presents an average ROI of about 7% backed by solid rental yields around 6%. The cap rate here hovers near 6.5% while average rents remain affordable, contributing to consistent cash flow. Appreciation rates have been steady, making Melvin a strategic choice for long-term property investments with rising renter occupancy.
7%
Avg. ROI
6%
Rental Yield
6.5%
Cap Rate
$800/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Melvin stands at approximately 6%, making it a competitive market for rental property investments.
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