Under $300K 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 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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