High Rental Yield Investment Properties for Sale in Elk Rapids, MI
Listed for sale 6 days ago
$ 199,900
ROI
24.0
Cash Flow/m
236- - Bed
- - Bath
- - sft
Capa Bran Ter, Elk Rapids, MI, 49629
Listed for sale 6 days ago
$ 159,000
ROI
23.7Cash Flow/m
173- 2 Bed
- 1 Bath
- 846 sft
616 Shadywood St, Elk Rapids, MI, 49629
Fix & Flip
$ 299,900
ROI
21.2Cash 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
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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