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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Elk Rapids, MI
$ 125,601
ROI
93.2
Cash Flow/m
2567- 2 Bed
- 2 Bath
- 948 sft
706 Golfview Ln, 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
$ 175,000
ROI
24.5Cash Flow/m
229- 3 Bed
- 2 Bath
- 1325 sft
714 Golfview Cir, Elk Rapids, MI, 49629
$ 182,500
ROI
26.0Cash Flow/m
316- 2 Bed
- 1 Bath
- 800 sft
516 Ames St, Elk Rapids, MI, 49629
Why Invest in Elk Rapids, Michigan?
Investing in Elk Rapids, MI offers opportunities in affordable properties under $200k, an attractive option for budget-conscious investors. The city's average ROI stands around 8%, supported by a solid rental yield of 7% and an average cash flow of $400 per month. The local cap rate averages 6%, with property appreciation near 3% annually. Approximately 55% of homes are renter-occupied, suggesting a steady tenant pool.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Elk Rapids typically include single-family homes, smaller condos, and some multi-family units, offering affordable entry points for investors.
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