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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K 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
Fix & Flip
$ 200,000
ROI
30.4Cash Flow/m
592- 4 Bed
- 3 Bath
- 1800 sft
1181 Main St, Melvin, MI, 48454
$ 199,900
ROI
24.3Cash Flow/m
251- 3 Bed
- 2 Bath
- 1150 sft
530 Townhall Rd, Melvin, MI, 48454
$ 179,900
ROI
24.1Cash Flow/m
219- 4 Bed
- 2 Bath
- 1600 sft
1313 Main St, Melvin, MI, 48454
Why Invest in Melvin, Michigan?
Investing in Melvin, MI properties under $200k offers a unique opportunity to tap into a growing market with healthy rental yields. This filter highlights affordable properties that cater well to renters, with average ROI around 7% and cap rates near 6%. Melvin's average rent remains competitive, supporting solid cash flow for investors. The area’s renter occupancy rate is strong, reflecting steady demand for rental homes in this price range.
7%
Avg. ROI
6.5%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Melvin offers affordable housing with strong rental demand and solid ROI metrics. The local economy and steady job growth support sustainable investment opportunities in this price range.
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