High Rental Yield Investment Properties for Sale in Casnovia, MI
Listed for sale 4 days ago
$ 225,000
ROI
20.1
Cash Flow/m
23- 3 Bed
- 2 Bath
- 1558 sft
61 Probasco St, Casnovia, MI, 49318
$ 429,900
ROI
21.6Cash Flow/m
215- 4 Bed
- 2 Bath
- 2386 sft
2055 S Peters Rd, Casnovia, MI, 49318
$ 325,000
ROI
30.7Cash Flow/m
990- 3 Bed
- 3 Bath
- 1647 sft
34 S Main St, Casnovia, MI, 49318
$ 250,000
ROI
31.5Cash Flow/m
817- 3 Bed
- 2 Bath
- 1496 sft
160 Grand St, Casnovia, MI, 49318
Why Invest in Casnovia, Michigan?
Investors seeking high rental yield properties will find Casnovia, MI appealing due to its strong local rental market and affordable property prices. High rental yields around 9% accompany steady average rents near $900 per month. The area benefits from a cap rate of approximately 7% and average cash flow of $150 monthly. Appreciation rates have remained stable at about 3% annually. The renter-occupied rate near 45% indicates a solid tenant base for investment stability.
8.5%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Casnovia is around 9%, making it an attractive market for income-focused real estate investors.
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