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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Rapid City, MI
Listed for sale 2 days ago
$ 239,900
ROI
29.5
Cash Flow/m
652- 3 Bed
- 2 Bath
- 910 sft
6033 Aarwood Rd NW, Rapid City, MI, 49676
Listed for sale 2 days ago
$ 300,000
ROI
27.4Cash Flow/m
640- 3 Bed
- 2 Bath
- 1456 sft
6576 W Plum Valley Rd NW, Rapid City, MI, 49676
$ 207,000
ROI
21.9Cash Flow/m
125- 4 Bed
- 1 Bath
- 32000 sft
3849 Morrison Rd NW, Rapid City, MI, 49676
$ 214,900
ROI
21.5Cash Flow/m
103- 4 Bed
- 2 Bath
- 1493 sft
8916 Valley Rd NW, Rapid City, MI, 49676
Why Invest in Rapid City, Michigan?
Investing in Rapid City, MI under $300k offers a strategic entry into Michigan's affordable housing market. The city features a solid average rental yield of 6.2% and a cap rate around 7%, supporting steady cash flow for investors. With an average ROI of 9% and an average rent of $950, this market is ideal for value-focused real estate investors. Appreciation rates at 3% annually and a renter-occupied rate of 54% indicate sustained demand and growth potential.
9%
Avg. ROI
6.2%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Rapid City typically include single-family homes, smaller multi-family units, and some condos. These options are suitable for entry-level investors seeking rental income opportunities.
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