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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
$ 225,000
ROI
21.7
Cash 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
or
Here are some other similar properties you might be interested in:
Currently Rented
Rental Income
Listed for sale 1 day ago
$ 100,000
ROI
24.7Cash Flow/m
139- 3 Bed
- 1 Bath
- 964 sft
11776 Rossiter St, Detroit, MI, 48224
Listed for sale 5 days ago
$ 100,000
ROI
23.9Cash Flow/m
116- 3 Bed
- 1 Bath
- 854 sft
130 S 4th St, Manistique, MI, 49854
Listed for sale 4 days ago
$ 100,000
ROI
23.4Cash Flow/m
102- 2 Bed
- 1 Bath
- 1042 sft
7704 Pine Creek Rd, Manistee, MI, 49660
Fix & Flip
Listed for sale 4 days ago
$ 100,000
ROI
16.6Gross Rent Yield
9.5- 3 Bed
- 2 Bath
- 1400 sft
4233 N Pheasant Rd, Lincoln, MI, 48742
Listed for sale 5 days ago
$ 100,000
ROI
50.3Cash Flow/m
849- 3 Bed
- 2 Bath
- 1380 sft
203 Mifflin Ave, Lansing, MI, 48912
Listed for sale 6 days ago
$ 100,000
ROI
14.4Gross Rent Yield
9.4- 1 Bed
- 1 Bath
- 621 sft
1715 Maple Rdg APT 4, Haslett, MI, 48840
Listed for sale 7 days ago
$ 100,000
ROI
52.1Cash Flow/m
901- 3 Bed
- 2 Bath
- 1216 sft
3611 Butternut Dr Lot 177, Holland, MI, 49424
$ 100,000
ROI
46.7Cash Flow/m
751- 2 Bed
- 1 Bath
- 1132 sft
3527 Kent Ave, Kalamazoo, MI, 49008
Fix & Flip
$ 100,000
ROI
42.7Cash Flow/m
638- 3 Bed
- 1 Bath
- 1320 sft
31 Mathews Ct NE, Grand Rapids, MI, 49505
Fix & Flip
$ 100,000
ROI
23.2Cash Flow/m
96- 5 Bed
- 2 Bath
- 2300 sft
301 S Cherry St, Kalkaska, MI, 49646
$ 100,000
ROI
24.6Cash Flow/m
135- - Bed
- 1 Bath
- 628 sft
101 Millburg Dr, Benton Harbor, MI, 49022
$ 100,000
ROI
24.4Cash Flow/m
129- 2 Bed
- 1 Bath
- 820 sft
124 Stanton Ave, Mohawk, MI, 49950
$ 100,000
ROI
24.0Cash Flow/m
119- 1 Bed
- 1 Bath
- 780 sft
7625 Marwede Rd, Alpena, MI, 49707
$ 100,000
ROI
23.7Cash Flow/m
110- 1 Bed
- 1 Bath
- 360 sft
2271 Birch Dr, Sears, MI, 49679
Currently Rented
$ 100,000
ROI
36.7Cash Flow/m
471- 5 Bed
- 2 Bath
- 1926 sft
903 S Mason St, Saginaw, MI, 48602
Fix & Flip
Motivated Seller
$ 100,000
ROI
23.5Cash Flow/m
106- 3 Bed
- 1 Bath
- 1278 sft
58655 Penn Rd, Cassopolis, MI, 49031
$ 100,000
ROI
46.8Cash Flow/m
753- 3 Bed
- 2 Bath
- 737 sft
181 S Marshall St, Pontiac, MI, 48342
$ 100,000
ROI
48.8Cash Flow/m
808- 3 Bed
- 2 Bath
- 2185 sft
321 S Main St, Bellevue, MI, 49021
Fix & Flip
$ 100,000
ROI
23.1Cash Flow/m
93- 2 Bed
- 1 Bath
- 867 sft
4511 Waldorf Rd, Delton, MI, 49046
Currently Rented
$ 100,000
ROI
23.7Cash Flow/m
111- 2 Bed
- 1 Bath
- 940 sft
21640 Jacksonville St, Farmington Hills, MI, 48336
$ 100,000
ROI
23.1Cash Flow/m
93- 5 Bed
- 1 Bath
- 1466 sft
25828 Lake Linden Ave, Laurium, MI, 49913
Currently Rented
$ 100,000
ROI
43.0Cash Flow/m
646- 5 Bed
- 2 Bath
- 988 sft
730 Tilden St, Flint, MI, 48505
$ 100,000
ROI
23.1Cash Flow/m
93- 4 Bed
- 2 Bath
- 1680 sft
1535 S M 52, Owosso, MI, 48867
Fix & Flip
$ 100,000
ROI
24.6Cash Flow/m
136- 3 Bed
- 1 Bath
- 887 sft
4402 Pelham St, Dearborn Heights, MI, 48125
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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