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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
$ 144,900
ROI
24.1
Cash 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
$ 159,900
ROI
23.5Cash Flow/m
167- 3 Bed
- 1 Bath
- 1083 sft
19550 Henry 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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