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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Elk Rapids, MI
Fix & Flip
$ 299,900
ROI
21.2
Cash Flow/m
119- 4 Bed
- 2 Bath
- 1784 sft
609 Buckley St, Elk Rapids, MI, 49629
$ 169,900
ROI
24.3Cash Flow/m
217- 3 Bed
- 2 Bath
- 1525 sft
714 Golfview Cir, Elk Rapids, MI, 49629
$ 225,000
ROI
21.7Cash Flow/m
119- 2 Bed
- 1 Bath
- 759 sft
806 Livingston Dr, Elk Rapids, MI, 49629
$ 440,000
ROI
23.7Cash Flow/m
486- 4 Bed
- 2 Bath
- 1792 sft
303 Lamoreaux Dr, Elk Rapids, MI, 49629
Why Invest in Elk Rapids, Michigan?
Investing in Elk Rapids, MI offers promising opportunities for real estate investors seeking a balance of growth and stable returns. The area boasts an average ROI of 7.8% and a solid rental yield around 6.2%. Cap rates hold steady at approximately 5.5%, while cash flow averages $425 monthly. Local appreciation trends near 3% annually, and renter occupancy remains high, making Elk Rapids an appealing location for diversified portfolios.
7.8%
Avg. ROI
6.2%
Rental Yield
5.5%
Cap Rate
$425/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Elk Rapids offers strong rental yields, steady property appreciation, and a high renter occupancy rate which provide reliable income opportunities for investors.
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