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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Elk Rapids, MI
Fix & Flip
$ 299,900
ROI
21.2
Cash Flow/m
119- 4 Bed
- 2 Bath
- 1784 sft
609 Buckley St, 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
$ 440,000
ROI
23.7Cash Flow/m
486- 4 Bed
- 2 Bath
- 1792 sft
303 Lamoreaux 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
Why Invest in Elk Rapids, Michigan?
Investing in single-family homes in Elk Rapids, MI offers attractive opportunities with steady appreciation and solid rental yields. The market reflects an average ROI of around 7%, coupled with a capitalization rate close to 6%. Investors benefit from strong cash flow potential averaging $800 monthly while average rents remain competitive. Elk Rapids’ renter-occupied rate nearing 38% indicates a healthy rental market, backed by steady population growth and local economic stability.
7%
Avg. ROI
5.5%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Elk Rapids is approximately 5.5%, offering investors steady income relative to property values.
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