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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
Listed for sale 6 days ago
$ 189,900
ROI
30.6
Cash Flow/m
575- 3 Bed
- 1 Bath
- 1300 sft
17182 Henry St, Melvindale, MI, 48122
$ 149,900
ROI
23.5Cash Flow/m
154- 2 Bed
- 1 Bath
- 1224 sft
18800 Wall St, Melvindale, MI, 48122
$ 179,900
ROI
24.9Cash Flow/m
257- 3 Bed
- 1 Bath
- 1010 sft
17405 Palmer St, Melvindale, MI, 48122
Fix & Flip
Rental Income
$ 124,900
ROI
24.3Cash Flow/m
156- 2 Bed
- 1 Bath
- 1043 sft
18948 Wall 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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