Under $200K Investment Properties for Sale in Springfield, MI
$ 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
$ 109,900
ROI
23.6Cash Flow/m
118- 3 Bed
- 1 Bath
- 768 sft
382 Avenue A, Springfield, MI, 49037
$ 130,000
ROI
30.4Cash Flow/m
385- 2 Bed
- 1 Bath
- 720 sft
450 24th 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.
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