High ROI 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 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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