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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 6 days ago
$ 249,900
ROI
20.8
Cash Flow/m
70- 3 Bed
- 2 Bath
- 1900 sft
3575 Furgerson St, Melvindale, MI, 48122
Listed for sale 6 days ago
$ 144,900
ROI
24.1Cash 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
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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