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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Melvindale, MI
Listed for sale 6 days ago
$ 249,900
ROI
20.8
Cash Flow/m
70- 3 Bed
- 2 Bath
- 1900 sft
3575 Furgerson St, Melvindale, MI, 48122
Listed for sale 6 days ago
$ 144,900
ROI
24.1Cash Flow/m
175- 3 Bed
- 1 Bath
- 1570 sft
18247 Harman St, Melvindale, MI, 48122
$ 169,900
ROI
24.2Cash Flow/m
209- 4 Bed
- 1 Bath
- 1196 sft
19531 Wood St, Melvindale, MI, 48122
$ 135,000
ROI
23.3Cash Flow/m
133- 3 Bed
- 1 Bath
- 860 sft
18875 Robert St, Melvindale, MI, 48122
Why Invest in Melvindale, Michigan?
Investing in single-family homes in Melvindale, MI offers a stable opportunity within a city showing steady appreciation and attractive rental yields. With an average ROI of 7.2%, investors can benefit from a rental yield near 6%, complemented by a cap rate of about 5.5%. Average rent levels remain affordable, supporting consistent cash flow and strong renter occupancy around 60%. The local market is supported by growing employment sectors, making Melvindale a promising spot for long-term investment.
7.2%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Melvindale is approximately 6%, making it a solid choice for income-focused investors.
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