Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Springfield, MI
Listed for sale 1 day ago
$ 125,500
ROI
23.3
Cash Flow/m
123- 3 Bed
- 1 Bath
- 1486 sft
549 Avenue A, Springfield, MI, 49037
$ 109,500
ROI
23.3Cash Flow/m
109- 3 Bed
- 1 Bath
- 912 sft
1031 Betterly Rd, Springfield, MI, 49037
$ 139,900
ROI
23.3Cash Flow/m
139- 3 Bed
- 1 Bath
- 1032 sft
228 Kirkwood Ave, Springfield, MI, 49037
$ 100,000
ROI
25.0Cash Flow/m
145- 2 Bed
- 1 Bath
- 720 sft
240 25th St N, Springfield, MI, 49037
Why Invest in Springfield, Michigan?
Springfield, MI presents excellent opportunities for investors seeking properties under $200k. The local rental market demonstrates strong rental yields averaging around 9%, complemented by an average cap rate of 7.5%. With a growing renter-occupied population near 60% and stable appreciation rates near 3%, investment properties here offer sound cash flow prospects. These metrics, gathered from government and public sources, underscore Springfield's viability for affordable real estate investment.
7%
Avg. ROI
9%
Rental Yield
7.5%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties priced under $200k in Springfield typically offer rental yields around 9%, making them attractive for investors seeking steady income.
Find Your Perfect Investment Property in Springfield, Michigan
Explore investment opportunities by strategy, performance, or property type
