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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Springport, MI
Motivated Seller
$ 140,000
ROI
23.4
Cash Flow/m
142- 3 Bed
- 2 Bath
- 1766 sft
29510 S Dr N, Springport, MI, 49284
$ 189,900
ROI
26.1Cash Flow/m
334- 3 Bed
- 1 Bath
- 1145 sft
330 Grand St, Springport, MI, 49284
$ 129,000
ROI
23.3Cash Flow/m
126- 1 Bed
- 1 Bath
- 540 sft
3014 Luella Ln, Springport, MI, 49284
Fix & Flip
$ 175,000
ROI
23.2Cash Flow/m
169- 2 Bed
- 2 Bath
- 1450 sft
15885 McClellan Rd, Springport, MI, 49284
Why Invest in Springport, Michigan?
Investing in Springport, MI properties under $200k offers a unique opportunity to secure affordable real estate with solid returns. The area shows an average ROI of 6.5%, supported by a rental yield of 8.1% and a cap rate of 7.3%. Investors benefit from an average cash flow of $350 monthly and growing appreciation around 3.5% annually. With a renter occupancy rate of approximately 55%, Springport presents steady demand for rental properties in a stable Michigan market.
6.5%
Avg. ROI
8.1%
Rental Yield
7.3%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The market predominantly features single-family homes and small multi-family units, which are suitable for first-time investors seeking affordable entry points.
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