Single Family Investment Properties for Sale in Drummond Island, MI

Property at 31165 S Maxton Rd, Drummond Island, MI
$ 144,500
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign208
  • 2 Bed
  • 1 Bath
  • 1150 sft
31165 S Maxton Rd, Drummond Island, MI, 49726
Property at 32377 E Timber Trl, Drummond island, MI
$ 319,000
ROI
22.2ROI percentage
Cash Flow/m
Dollar sign214
  • 3 Bed
  • 3 Bath
  • 1650 sft
32377 E Timber Trl, Drummond island, MI, 49726
Property at 37954 S Cream City Point Rd, Drummond Island, MI
$ 149,000
ROI
23.9ROI percentage
Cash Flow/m
Dollar sign171
  • 1 Bed
  • - Bath
  • 440 sft
37954 S Cream City Point Rd, Drummond Island, MI, 49726
Property at 32219 E Bayside Dr, Drummond Island, MI
$ 249,000
ROI
26.4ROI percentage
Cash Flow/m
Dollar sign457
  • 2 Bed
  • 2 Bath
  • 1250 sft
32219 E Bayside Dr, Drummond Island, MI, 49726

Why Invest in Drummond Island, Michigan?

Investing in single-family homes on Drummond Island, MI offers unique opportunities driven by the area's steady appreciation and strong rental yields. The island's average ROI stands around 6%, with cap rates near 7%, making it appealing for long-term investors. Rental demand is bolstered by a renter-occupied rate of about 25%, which supports consistent cash flow averaging $600 per month. With moderate appreciation of 3% annually, single-family properties align well with sustainable growth strategies in this Michigan locale.

6%
Avg. ROI
7%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$600/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental yield for single-family homes in Drummond Island is around 7%, providing solid returns for investors focusing on rental income.

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