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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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?
Investing in Rapid City, MI properties under $500k offers an excellent opportunity to capitalize on affordable real estate with solid returns. This area boasts an average ROI of 7.2% and a rental yield of 6.5%, making it attractive for buy-to-let investors. With stable cap rates around 5%, investors can expect consistent income and appreciation rates near 3% annually. The renter-occupied rate exceeds 50%, indicating a steady demand for rental units in the market.
7.2%
Avg. ROI
6.5%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Rapid City offer strong rental yields and steady appreciation. The market is supported by consistent rental demand and a growing local economy.
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