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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
$ 230,000
ROI
28.6
Cash Flow/m
569- 3 Bed
- 2 Bath
- 1400 sft
14102 24th Rd, Rapid River, MI, 49878
$ 159,000
ROI
24.2Cash Flow/m
197- 4 Bed
- 2 Bath
- 1360 sft
7836 Washington St, Rapid River, MI, 49878
$ 160,000
ROI
23.7Cash Flow/m
177- 3 Bed
- 1 Bath
- 1439 sft
7507 Perkins 30.5 Rd, Rapid River, MI, 49878
$ 149,000
ROI
24.1Cash Flow/m
178- 2 Bed
- 1 Bath
- 1077 sft
14295 Gooseneck Lake Dr, Rapid River, MI, 49878
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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