Under $300K Investment Properties for Sale in Romulus, MI
Listed for sale 5 days ago
$ 183,000
ROI
23.9
Cash Flow/m
208- 3 Bed
- 1 Bath
- 1242 sft
5932 Colorado St, Romulus, MI, 48174
$ 220,000
ROI
21.7Cash Flow/m
118- 3 Bed
- 2 Bath
- 1376 sft
15212 Orchard Ct, Romulus, MI, 48174
$ 260,000
ROI
26.3Cash Flow/m
469- 3 Bed
- 2 Bath
- 1588 sft
35520 Ronald St, Romulus, MI, 48174
$ 279,900
ROI
21.9Cash Flow/m
167- 3 Bed
- 2 Bath
- 1247 sft
9930 Shook Rd, 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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