Under $200K Investment Properties for Sale in Melvindale, MI
$ 189,000
ROI
28.0
Cash Flow/m
431- 3 Bed
- 1 Bath
- 880 sft
17535 Wall St, Melvindale, MI, 48122
$ 119,000
ROI
24.0Cash Flow/m
140- 2 Bed
- 1 Bath
- 819 sft
18917 Wall St, Melvindale, MI, 48122
$ 139,900
ROI
23.4Cash Flow/m
140- 2 Bed
- 1 Bath
- 783 sft
19145 Wall St, Melvindale, MI, 48122
$ 180,000
ROI
24.1Cash Flow/m
217- 3 Bed
- 2 Bath
- 2228 sft
24021 Outer Dr, Melvindale, MI, 48122
Why Invest in Melvindale, Michigan?
Investing in Melvindale, MI offers affordable real estate opportunities under $200k, ideal for entry-level investors. The city features a solid average ROI of around 7%, with rental yields near 9%, making it attractive for steady income. Cap rates sit at approximately 6.5%, supporting sustained cash flow averaging $550 per month. Appreciation rates are moderate at 2.5%, reflecting steady long-term growth potential in this Detroit suburb.
7%
Avg. ROI
9%
Rental Yield
6.5%
Cap Rate
$550/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Most properties under $200k in Melvindale include single-family homes and smaller multi-family units. These are suitable for first-time investors looking for affordable entry points with rental income potential.
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