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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
$ 239,000
ROI
28.5
Cash Flow/m
580- 3 Bed
- 2 Bath
- 1572 sft
36852 Chase St, Romulus, MI, 48174
Fix & Flip
$ 129,900
ROI
23.1Cash Flow/m
120- 2 Bed
- 1 Bath
- 1216 sft
9415 Tobine St, Romulus, MI, 48174
$ 220,000
ROI
25.8Cash Flow/m
367- 3 Bed
- 1 Bath
- 816 sft
15432 Orchard St, Romulus, MI, 48174
$ 269,000
ROI
21.7Cash Flow/m
143- 3 Bed
- 2 Bath
- 2117 sft
6270 Hunt St, 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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