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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 Elmira, MI under $500k offers a unique opportunity to tap into a growing housing market with solid rental yields and competitive cap rates. The local economy benefits from steady employment growth and rising median incomes. Investors can expect an average ROI of approximately 7%, supported by rental yields near 6% and healthy cash flow. Elmira's affordable prices combined with positive appreciation trends make it attractive for both new and experienced real estate investors.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Elmira typically offer an average ROI of around 7%, driven by strong rental demand and steady property appreciation.
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