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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Central Lake, MI
Airbnb Potential
$ 315,000
ROI
26.4
Cash Flow/m
582- 3 Bed
- 3 Bath
- 1650 sft
2602 Elm St, Central Lake, MI, 49622
$ 679,000
ROI
20.7Cash Flow/m
120- 5 Bed
- 3 Bath
- 2392 sft
5815 Farrell Rd, Central Lake, MI, 49622
$ 235,000
ROI
24.6Cash Flow/m
320- - Bed
- 1 Bath
- 1586 sft
2134 S Main St, Central Lake, MI, 49622
$ 292,000
ROI
20.3Cash Flow/m
44- 2 Bed
- 2 Bath
- 1359 sft
6046 N M 88 Hwy, Central Lake, MI, 49622
Why Invest in Central Lake, Michigan?
Investing in Central Lake, MI offers a unique opportunity to tap into the growing Michigan real estate market. With an average ROI of around 7%, investors benefit from a rental yield near 6% and cap rates averaging 5%. Rental demand is supported by a renter-occupied rate of 38%, reflecting steady tenant interest. Properties here typically see consistent appreciation rates, making it a favorable market. Whether seeking residential or filtered investment options, Central Lake's market dynamics are promising.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$500/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Central Lake is approximately 6%, making it attractive for investors seeking steady rental income.
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