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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 today
$ 389,900
ROI
23.5
Cash Flow/m
410- 3 Bed
- 3 Bath
- 2216 sft
5920 Northwood Dr, Elmira, MI, 49730
Listed for sale 1 day ago
$ 349,900
ROI
26.2Cash Flow/m
628- 2 Bed
- 3 Bath
- 1596 sft
8071 Heatherwood Cir, Elmira, MI, 49730
Listed for sale 1 day ago
$ 349,900
ROI
24.3Cash Flow/m
446- 2 Bed
- 3 Bath
- 1596 sft
8071 Heatherwood Dr, Elmira, MI, 49730
$ 525,000
ROI
22.0Cash Flow/m
281- 3 Bed
- 2 Bath
- 1793 sft
2857 Peregrine 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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