High Rental Yield Investment Properties for Sale in Elmira, MI
$ 140,000
ROI
23.3
Cash Flow/m
138- 3 Bed
- 2 Bath
- 1280 sft
1210 Patterson Rd, Elmira, MI, 49730
$ 174,000
ROI
23.8Cash Flow/m
196- 3 Bed
- 1 Bath
- 1008 sft
6769 Manistee Heights Dr, Elmira, MI, 49730
$ 230,000
ROI
23.0Cash Flow/m
204- 2 Bed
- 1 Bath
- 1100 sft
9283 Cutover Dr, Elmira, MI, 49730
$ 280,000
ROI
27.7Cash Flow/m
622- 4 Bed
- 2 Bath
- 2300 sft
5444 Forestgrove Dr, 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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