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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
Listed for sale 1 day ago
$ 100,000
ROI
23.1
Cash Flow/m
93- 2 Bed
- 1 Bath
- 720 sft
240 25th St N, Springfield, MI, 49037
$ 135,000
ROI
30.0Cash Flow/m
387- 2 Bed
- 1 Bath
- 672 sft
241 26th St N, Springfield, MI, 49037
$ 140,000
ROI
30.8Cash Flow/m
430- 2 Bed
- 1 Bath
- 816 sft
185 Kirkwood Ave, Springfield, MI, 49037
Motivated Seller
$ 177,000
ROI
24.1Cash Flow/m
212- 4 Bed
- 2 Bath
- 2043 sft
50 Wellworth Ave, 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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