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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High ROI Investment Properties for Sale in Charlevoix, MI
Fix & Flip
$ 150,000
ROI
24.5
Cash Flow/m
196- 3 Bed
- 1 Bath
- 928 sft
5681 M 66 N, Charlevoix, MI, 49720
Currently Rented
$ 229,000
ROI
20.4Cash Flow/m
41- 1 Bed
- 1 Bath
- 591 sft
101 Michigan Ave #109, Charlevoix, MI, 49720
Rental Income
$ 229,000
ROI
20.6Cash Flow/m
52- 1 Bed
- 1 Bath
- 531 sft
101 Michigan Ave #105, Charlevoix, MI, 49720
$ 399,900
ROI
20.8Cash Flow/m
114- 3 Bed
- 2 Bath
- 2116 sft
1130 Red Pine Run, Charlevoix, MI, 49720
Why Invest in Charlevoix, Michigan?
Investing in Charlevoix, MI offers promising opportunities for those seeking high ROI properties. This scenic city demonstrates an average ROI of 8.5%, supported by a rental yield of 6.2% and a steady cap rate of 5%. The average cash flow remains positive at $350 per month, with average rents around $1,200. Appreciation rates are encouraging at 3%, reflecting growing demand in this lakeside community. Additionally, about 60% of households are renter-occupied, indicating a healthy rental market for investors.
8.5%
Avg. ROI
6.2%
Rental Yield
5%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
High ROI properties in Charlevoix typically offer an average return on investment around 8.5%, supported by solid rental yields and appreciation.
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