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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Eastlake, MI
$ 216,000
ROI
24.0
Cash Flow/m
257- 2 Bed
- 1 Bath
- 990 sft
606 Wall St, Eastlake, MI, 49626
$ 200,000
ROI
33.6Cash Flow/m
773- 3 Bed
- 2 Bath
- 3538 sft
258 Division St, Eastlake, MI, 49626
$ 199,900
ROI
28.3Cash Flow/m
477- 3 Bed
- 1 Bath
- 1150 sft
35 3rd St, Eastlake, MI, 49626
$ 159,000
ROI
28.2Cash Flow/m
372- 2 Bed
- 1 Bath
- 1074 sft
276 3rd St, Eastlake, MI, 49626
Why Invest in Eastlake, Michigan?
Investing in Eastlake, MI offers a strategic opportunity for real estate investors seeking stable returns in a growing city. The market shows an average ROI of 7%, supported by a rental yield of 6.5% and a moderate cap rate of 5.5%. Average cash flow remains positive at around $850 per property, with rents averaging $1,200 monthly. Appreciation in the area steadily grows at 3% annually, complemented by a renter-occupied rate of 48%, indicating healthy demand for rental properties.
7%
Avg. ROI
6.5%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Eastlake is approximately 6.5%, indicating attractive returns for rental property investors.
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