Single Family 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
$ 247,900
ROI
20.3Cash Flow/m
36- 2 Bed
- 1 Bath
- 1060 sft
2183 Howard St, Central Lake, MI, 49622
$ 212,900
ROI
25.9Cash Flow/m
364- 3 Bed
- 1 Bath
- 980 sft
2173 West St, Central Lake, MI, 49622
Why Invest in Central Lake, Michigan?
Investing in single-family homes in Central Lake, MI offers unique opportunities for steady cash flow amid a growing rental market. With an average rental yield of 7% and stable cap rates around 6%, properties here attract investors seeking balanced risk and return. The area's average ROI of 8% aligns well with appreciation rates of approximately 3% annually. Growing renter-occupied units highlight increasing demand, making this segment promising for long-term wealth building.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield is approximately 7%, making single-family homes a solid option for rental income investors in Central Lake.
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