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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Elmira, MI
Motivated Seller
Rental Income
$ 160,000
ROI
24.3
Cash Flow/m
201- 5 Bed
- 1 Bath
- 1333 sft
4810 Glacial Field Dr, Elmira, MI, 49730
$ 130,000
ROI
51.1Cash Flow/m
1135- 2 Bed
- 1 Bath
- 798 sft
1465 Allen Rd, Elmira, MI, 49730
$ 130,300
ROI
45.7Cash Flow/m
941- - Bed
- - Bath
- - sft
8808 Hartwell Rd, Elmira, MI, 49730
$ 129,000
ROI
23.6Cash Flow/m
138- 2 Bed
- 2 Bath
- - sft
6145 Arthur Ln, Elmira, MI, 49730
Why Invest in Elmira, Michigan?
Investing in Elmira, MI, particularly in properties under $200k, offers a promising opportunity for real estate investors. The market features an average ROI of 7.5%, supported by a stable rental yield of 8%. Cap rates remain attractive at around 6%, with average monthly cash flow reaching $350. Renters occupy approximately 62% of the market, highlighting steady demand. Appreciation rates have hovered near 3%, reflecting moderate growth and capital stability.
7.5%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $200k in Elmira is approximately 7.5%, making it an attractive market for investors seeking solid returns.
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