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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
$ 169,900
ROI
24.3
Cash 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
$ 265,000
ROI
25.5Cash Flow/m
426- 3 Bed
- 2 Bath
- 1211 sft
503 Cedar St, Elk Rapids, MI, 49629
$ 267,500
ROI
19.9Cash Flow/m
10- 3 Bed
- 1 Bath
- 880 sft
510 E 3rd 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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