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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Elmira, MI
Rental Income
Listed for sale 1 day ago
$ 309,000
ROI
19.9
Cash Flow/m
15- 3 Bed
- 2 Bath
- 1078 sft
10945 Pleasant Ridge Dr, Elmira, MI, 49730
Listed for sale 2 days ago
$ 299,000
ROI
25.8Cash Flow/m
506- 3 Bed
- 3 Bath
- 2510 sft
8343 M 32, Elmira, MI, 49730
$ 240,000
ROI
21.5Cash Flow/m
117- 3 Bed
- 1 Bath
- 1132 sft
5201 Terreton Cir, Elmira, MI, 49730
$ 209,000
ROI
28.1Cash Flow/m
484- 1 Bed
- 1 Bath
- 830 sft
10518 Timberline Dr, Elmira, MI, 49730
Why Invest in Elmira, Michigan?
Investing in Elmira, MI offers a strategic opportunity for real estate investors looking to capitalize on stable rental yields and a growing rental market. The average ROI hovers around 7%, supported by a cap rate near 6%, signaling solid profitability. Rental yields are attractive with average rents maintaining steady growth, complemented by average cash flow consistent with the regional economic trends. Elmira's renter-occupied rates indicate a healthy tenant base, ideal for long-term investment in residential properties.
7%
Avg. ROI
5%
Rental Yield
6%
Cap Rate
$900/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Elmira is approximately 5%, reflecting steady returns for property investors.
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