Investment Properties for Sale in Sparta, MI
Listed for sale 6 days ago
$ 320,000
ROI
25.7
Cash Flow/m
530- 3 Bed
- 2 Bath
- 1512 sft
9422 Sparta Ave NW, Sparta, MI, 49345
$ 275,000
ROI
20.1Cash Flow/m
23- 2 Bed
- 2 Bath
- 1535 sft
282 Creekside St NW, Sparta, MI, 49345
$ 310,000
ROI
23.7Cash Flow/m
343- 3 Bed
- 1 Bath
- 1700 sft
328 Doris St NW, Sparta, MI, 49345
$ 275,000
ROI
23.8Cash Flow/m
312- 3 Bed
- 2 Bath
- 1547 sft
124 Washington St NW, Sparta, MI, 49345
Why Invest in Sparta, Michigan?
Sparta, MI offers a solid opportunity for real estate investors seeking steady returns. The local market shows an average ROI of 7.5%, with rental yields near 6% that appeal to multifamily property investors. Cap rates average 5.2%, supporting moderate appreciation trends around 3% annually. Average monthly rents hover near $1,000, and renter occupancy rates remain stable at 63%. Those targeting properties in Sparta can benefit from a balanced market with steady cash flow and appreciation potential.
7.5%
Avg. ROI
6%
Rental Yield
5.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Sparta, MI is approximately 6%, making it a solid option for investors seeking steady rental income.
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