Short Term Rental Investment Properties for Sale in Central Lake, MI
-- 3 Bed
- 2 Bath
- 1200 sft
129- 3 Bed
- 1 Bath
- 1210 sft
96- 3 Bed
- 1 Bath
- 1589 sft
102- 3 Bed
- 2 Bath
- 1008 sft
119- 2 Bed
- 1 Bath
- 1336 sft
127- 3 Bed
- 1 Bath
- 860 sft
128- 3 Bed
- 1 Bath
- 1043 sft
125- 2 Bed
- 1 Bath
- 1100 sft
104- 2 Bed
- 2 Bath
- 1064 sft
- 2 Bed
- 1 Bath
- 882 sft
-- 1 Bed
- 1 Bath
- 384 sft
140- 3 Bed
- 2 Bath
- 1344 sft
117- 4 Bed
- 2 Bath
- 1188 sft
127- 2 Bed
- 1 Bath
- 1129 sft
117- 3 Bed
- 1 Bath
- 1270 sft
102- 3 Bed
- 1 Bath
- - sft
104- 3 Bed
- 1 Bath
- 960 sft
- 3 Bed
- 2 Bath
- 1248 sft
- 1 Bed
- 1 Bath
- 707 sft
94- 2 Bed
- 2 Bath
- 896 sft
118- 3 Bed
- 2 Bath
- 1360 sft
99- 2 Bed
- 1 Bath
- 804 sft
112- 2 Bed
- 1 Bath
- 780 sft
124- 2 Bed
- 1 Bath
- 660 sft
Why Invest in Central Lake, Michigan?
Investing in short-term rentals in Central Lake, MI offers unique opportunities in a growing tourism hub nestled in Northern Michigan. With increasing visitor arrivals and strong rental demand, short-term rental investors can expect an average ROI around 8%, competitive cap rates near 6%, and robust rental yields over 9%. The area boasts an average monthly rent of approximately $1,200 and an appreciation rate of 4% annually, backed by a renter-occupied rate of roughly 45%. These factors make Central Lake a promising market for diversified real estate portfolios.
Frequently Asked Questions
The average rental yield for short-term rentals in Central Lake is approximately 9%, reflecting strong seasonal demand and competitive rental rates.
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