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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Melvindale, MI
Listed for sale 7 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 properties under $300k offers a unique opportunity for steady income with a current average ROI of 8%. This city-level market shows a rental yield of 7% and a cap rate of 6%, reflecting solid cash flow prospects. Average monthly rent around $950 supports consistent cash flow near $400 per property. Appreciation rates of 3.5% annually add to the long-term investment value in this affordable price segment.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The market primarily features single-family homes and small multifamily units under $300k, ideal for rental investments and first-time investors.
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