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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Rapid River, MI
Listed for sale 1 day ago
$ 124,900
ROI
23.3
Cash Flow/m
123- 2 Bed
- 1 Bath
- 720 sft
8357 School 16th Rd, Rapid River, MI, 49878
Listed for sale 4 days ago
$ 155,000
ROI
23.7Cash Flow/m
172- 3 Bed
- 1 Bath
- 1048 sft
9744 Us Highway 2, Rapid River, MI, 49878
$ 175,000
ROI
24.6Cash Flow/m
234- 2 Bed
- 1 Bath
- 820 sft
8391 U6 Ln, Rapid River, MI, 49878
$ 195,000
ROI
25.4Cash Flow/m
308- 1 Bed
- 1 Bath
- 720 sft
14675 33rd Rd, Rapid River, MI, 49895
Why Invest in Rapid River, Michigan?
Investing in Rapid River, MI under $300k offers access to stable cash flow and moderate appreciation potential. The area shows an average ROI of 7%, rental yields around 8.5%, and cap rates close to 6%, making it attractive for value-oriented investors. With average rents near $950 and rental occupancy above 65%, investors can expect steady tenant demand. The local economy supports growth with expanding job opportunities and increasing population trends.
7%
Avg. ROI
8.5%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Rapid River offers solid rental yields and average ROI near 7%, with affordable property prices under $300k, making it ideal for entry-level investors seeking steady cash flow.
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