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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Springfield, MI
Listed for sale 1 day ago
$ 129,000
ROI
24.7
Cash Flow/m
178- 2 Bed
- 1 Bath
- 816 sft
185 Kirkwood Ave, Springfield, MI, 49037
Listed for sale 2 days ago
$ 200,000
ROI
20.4Cash Flow/m
36- 4 Bed
- 2 Bath
- 1471 sft
237 24th St N, Springfield, MI, 49037
Fix & Flip
$ 105,000
ROI
24.8Cash Flow/m
148- 2 Bed
- 1 Bath
- 989 sft
216 21st St N, Springfield, MI, 49037
$ 155,000
ROI
25.0Cash Flow/m
226- 2 Bed
- 1 Bath
- 768 sft
271 Richfield Ave, 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.
Find Your Perfect Investment Property in Springfield, Michigan
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