Single Family Investment Properties for Sale in Springfield, MI
Listed for sale 7 days ago
$ 150,000
ROI
29.8
Cash Flow/m
418- 2 Bed
- 2 Bath
- 760 sft
210 16th St N, Springfield, MI, 49037
$ 145,000
ROI
31.7Cash Flow/m
480- 2 Bed
- 1 Bath
- 876 sft
2961 W Dickman Rd, Springfield, MI, 49037
$ 220,000
ROI
27.0Cash Flow/m
444- 4 Bed
- 2 Bath
- 2184 sft
850 Upton Ave, Springfield, MI, 49037
$ 109,900
ROI
23.6Cash Flow/m
118- 3 Bed
- 1 Bath
- 768 sft
382 Avenue A, Springfield, MI, 49037
Why Invest in Springfield, Michigan?
Investing in single-family homes in Springfield, MI offers attractive opportunities for steady rental income and appreciation. The local market shows an average rental yield of 7.4%, supported by a renter-occupied rate of 48%. With a cap rate around 6.2%, investors can benefit from moderate cash flow averaging $950 monthly. Economic stability and growing demand for single-family properties make Springfield a strategic choice for real estate investment in Michigan.
8.5%
Avg. ROI
7.4%
Rental Yield
6.2%
Cap Rate
$950/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Springfield predominantly features detached single-family homes built between 1950 and 1990, with a mix of ranch and colonial styles catering to families and professionals.
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