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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Springfield, MI
$ 195,000
ROI
22.5
Cash 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
$ 109,500
ROI
23.3Cash Flow/m
109- 3 Bed
- 1 Bath
- 912 sft
1031 Betterly Rd, 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.
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