Investment Properties for Sale in Central Lake, MI
$ 159,000
ROI
24.8
Cash Flow/m
222- 3 Bed
- 1 Bath
- 1124 sft
2927 N Main St, Central Lake, MI, 49622
$ 219,000
ROI
20.6Cash Flow/m
54- 3 Bed
- 1 Bath
- 1400 sft
2032 Devlin Rd, Central Lake, MI, 49622
$ 279,900
ROI
26.8Cash Flow/m
545- 3 Bed
- 2 Bath
- 891 sft
1627 W Intermediate Lake Dr, Central Lake, MI, 49622
$ 247,900
ROI
20.3Cash Flow/m
36- 2 Bed
- 1 Bath
- 1060 sft
2183 Howard St, 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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