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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Melvindale, MI
$ 170,000
ROI
29.5
Cash Flow/m
463- 2 Bed
- 1 Bath
- 871 sft
2303 Fisher St, Melvindale, MI, 48122
$ 199,900
ROI
31.9Cash Flow/m
675- 3 Bed
- 1 Bath
- 1497 sft
18861 Wood St, Melvindale, MI, 48122
$ 160,000
ROI
24.4Cash Flow/m
206- 3 Bed
- 1 Bath
- 902 sft
17419 Prospect St, Melvindale, MI, 48122
$ 149,000
ROI
24.6Cash Flow/m
199- 2 Bed
- 1 Bath
- 744 sft
17134 Robert St, 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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