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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Elmira, MI
Listed for sale 1 day ago
$ 279,000
ROI
26.1
Cash Flow/m
494- 3 Bed
- 3 Bath
- 1237 sft
10743 Sprucedale Cir, Elmira, MI, 49730
Listed for sale 5 days ago
$ 299,900
ROI
27.9Cash Flow/m
676- 4 Bed
- 2 Bath
- 1711 sft
5053 Crestview Cir, Elmira, MI, 49730
Motivated Seller
Rental Income
$ 160,000
ROI
24.3Cash Flow/m
201- 5 Bed
- 1 Bath
- 1333 sft
4810 Glacial Field Dr, Elmira, MI, 49730
$ 240,000
ROI
24.5Cash Flow/m
315- 3 Bed
- 2 Bath
- 1188 sft
2003 Harvest St, Elmira, MI, 49730
Why Invest in Elmira, Michigan?
Investing in high rental yield properties in Elmira, MI offers significant cash flow opportunities due to the city's affordable housing and steady demand. Elmira's average rental yield stands at 8.2%, making it attractive for income-focused investors. The cap rate of 7.5% and an average ROI of 9% highlight the area's strong investment potential. Growing renter occupancy at 68% combined with appreciation rates of 3.1% signals a stable and promising rental market for long-term gains.
9%
Avg. ROI
8.2%
Rental Yield
7.5%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for high rental yield properties in Elmira, MI is approximately 8.2%, which is favorable compared to many other regions in Michigan.
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