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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
Rental Income
Listed for sale 1 day ago
$ 309,000
ROI
19.9
Cash Flow/m
15- 3 Bed
- 2 Bath
- 1078 sft
10945 Pleasant Ridge Dr, Elmira, MI, 49730
Listed for sale 2 days ago
$ 299,000
ROI
25.8Cash Flow/m
506- 3 Bed
- 3 Bath
- 2510 sft
8343 M 32, Elmira, MI, 49730
$ 240,000
ROI
21.5Cash Flow/m
117- 3 Bed
- 1 Bath
- 1132 sft
5201 Terreton Cir, Elmira, MI, 49730
$ 209,000
ROI
28.1Cash Flow/m
484- 1 Bed
- 1 Bath
- 830 sft
10518 Timberline Dr, 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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