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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Romulus, MI
Listed for sale 6 days ago
$ 224,900
ROI
24.5
Cash Flow/m
295- 3 Bed
- 2 Bath
- 1276 sft
37700 Westvale St, Romulus, MI, 48174
$ 209,000
ROI
25.4Cash Flow/m
331- 3 Bed
- 1 Bath
- 864 sft
38114 Walnut St, Romulus, MI, 48174
$ 285,000
ROI
20.6Cash Flow/m
71- 3 Bed
- 2 Bath
- 1508 sft
13390 Cogswell St, Romulus, MI, 48174
$ 240,000
ROI
30.1Cash Flow/m
693- 3 Bed
- 2 Bath
- 1554 sft
14185 Conover Pl, Romulus, MI, 48174
Why Invest in Romulus, Michigan?
Investing in Romulus, MI under $300k offers significant opportunities for rental income and steady appreciation. This market boasts an average ROI of 8% with rental yields around 7%. The average rental rate is approximately $1,200, supporting strong cash flow potential. Cap rates hover near 6%, indicating balanced risk and reward for investors in this affordable segment. With renter occupancy rates close to 75%, demand remains consistent in Romulus.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k include single-family homes and smaller multifamily units. These listings typically offer strong rental income potential for investors.
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