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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High ROI 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 high ROI properties in Elk Rapids, MI offers unique opportunities with its steady rental demand and growing local economy. This area shows an average ROI of 8.5%, supported by a rental yield of 6.2% and a cap rate near 5.5%. The average cash flow remains positive, fueled by modest appreciation rates around 3.1%. Renters occupy approximately 68% of housing, ensuring consistent income streams for investors.
8.5%
Avg. ROI
6.2%
Rental Yield
5.5%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average ROI for high ROI properties in Elk Rapids is approximately 8.5%, driven by strong rental yields and steady appreciation.
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