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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Springfield, MI
$ 209,900
ROI
21.6
Cash Flow/m
107- 3 Bed
- 2 Bath
- 1170 sft
252 23rd St N, Springfield, MI, 49037
$ 195,000
ROI
22.5Cash Flow/m
151- 3 Bed
- 2 Bath
- 1415 sft
16 Oak Grove Rd, Springfield, MI, 49037
$ 150,000
ROI
31.6Cash Flow/m
495- 3 Bed
- 1 Bath
- 864 sft
30 Avenue B, Springfield, MI, 49037
$ 125,500
ROI
23.5Cash Flow/m
131- 3 Bed
- 1 Bath
- 1486 sft
549 Avenue A, Springfield, MI, 49037
Why Invest in Springfield, Michigan?
Investing in high rental yield properties in Springfield, MI offers attractive returns backed by a strong rental market. The average rental yield here stands at a healthy 9.2%, making it ideal for income-focused investors. With an average ROI of 8.5% and a cap rate of 7.5%, properties generate solid cash flows. Appreciation rates have been steady at around 3.5% annually. The renter-occupied housing remains strong at 65%, reflecting high demand in the area.
8.5%
Avg. ROI
9.2%
Rental Yield
7.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Springfield, MI for high rental yield properties is approximately 9.2%, making it attractive for income investors.
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