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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Elk Rapids, MI
$ 265,000
ROI
25.5
Cash Flow/m
426- 3 Bed
- 2 Bath
- 1211 sft
503 Cedar St, Elk Rapids, MI, 49629
$ 125,601
ROI
93.2Cash 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
Why Invest in Elk Rapids, Michigan?
Investing in Elk Rapids, MI properties under $300k offers an attractive entry point into a stable market with an average rental yield of 7.2% and a cap rate around 6.5%. The area's average cash flow for affordable investments stands at $320 per month, supported by steady renter occupancy nearing 65%. Appreciation rates are moderate at 3.5% annually, reflecting steady demand and a balanced local economy.
8.1%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$320/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Elk Rapids typically include single-family homes and smaller multi-family units. These properties are well-suited for first-time investors looking for affordable entry points.
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