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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Rapid City, MI
Rental Income
Listed for sale 1 day ago
$ 170,000
ROI
23.6
Cash Flow/m
182- 2 Bed
- 1 Bath
- 990 sft
3720 Rice Rd NW, Rapid City, MI, 49676
$ 367,900
ROI
27.0Cash Flow/m
746- 4 Bed
- 3 Bath
- 1700 sft
12134 Jonathon Dr, Rapid City, MI, 49676
$ 349,900
ROI
23.1Cash Flow/m
324- 3 Bed
- 1 Bath
- 864 sft
8439 Ridge Rd, Rapid City, MI, 49676
Fix & Flip
$ 149,900
ROI
24.3Cash Flow/m
188- 3 Bed
- 1 Bath
- 1312 sft
9359 Valley Rd NW, Rapid City, MI, 49676
Why Invest in Rapid City, Michigan?
Rapid City, MI offers investors a unique opportunity in the Michigan real estate market. With a steady avgROI of 7.5% and rental yields around 9%, it's a promising location for long-term wealth building. Investors benefit from an average cap rate of 6.8% and positive appreciation rates near 3%. The avgCashFlow for rental properties is strong, complemented by a renter-occupied rate of 56%. Average rents hold steady at approximately $850 per month, making it a solid choice for rental investments.
7.5%
Avg. ROI
9%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Rapid City, MI is around 9%, making it an attractive market for rental property investors.
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