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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Elk Rapids, MI
$ 265,000
ROI
25.5
Cash Flow/m
426- 3 Bed
- 2 Bath
- 1211 sft
503 Cedar St, Elk Rapids, MI, 49629
$ 125,601
ROI
93.2Cash Flow/m
2567- 2 Bed
- 2 Bath
- 948 sft
706 Golfview Ln, Elk Rapids, MI, 49629
$ 398,000
ROI
26.2Cash Flow/m
717- 3 Bed
- 3 Bath
- 2100 sft
14820 Inwood Cir, Elk Rapids, MI, 49629
$ 125,000
ROI
95.7Cash Flow/m
2641- 2 Bed
- 1 Bath
- 1000 sft
604 Shadywood St, Elk Rapids, MI, 49629
Why Invest in Elk Rapids, Michigan?
Investing in Elk Rapids, MI, known for its high rental yield properties, offers an attractive income stream for investors. The area boasts an average rental yield of 10%, complemented by an average cap rate around 8%. Average rents hover near $1,100 per month with a steady 5% appreciation rate. Renter occupancy remains strong at 92%, signaling a stable tenant market for reliable cash flow opportunities.
9.5%
Avg. ROI
10%
Rental Yield
8%
Cap Rate
$650/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Elk Rapids is approximately 10%, making it a strong market for income-focused investors.
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