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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Lake City, MI
Listed for sale 1 day ago
$ 275,000
ROI
26.7
Cash Flow/m
529- 3 Bed
- 2 Bath
- 1512 sft
2070 S Amy Dr, Lake City, MI, 49651
$ 215,000
ROI
21.0Cash Flow/m
76- 3 Bed
- 2 Bath
- 2494 sft
2108 S Sara Dr, Lake city, MI, 49651
Listed for sale 2 days ago
$ 299,900
ROI
23.8Cash Flow/m
334- 3 Bed
- 1 Bath
- 2114 sft
722 S Lakeshore Dr, Lake City, MI, 49651
$ 144,900
ROI
24.4Cash Flow/m
186- 3 Bed
- 2 Bath
- 1007 sft
1333 W Houghton Lake Rd, Lake city, MI, 49651
Why Invest in Lake City, Michigan?
Investing in Lake City, MI offers a unique opportunity to benefit from a stable rental market with an average rental yield of 6.2%. The city's average ROI of 8.5% reflects its growing appeal among investors. Lake City's cap rate stands at 7.5%, supported by a moderate appreciation rate of 2.3% annually. With a growing renter-occupied rate of 48%, investors can find favorable cash flows averaging $450 per month, making it an attractive market for real estate investment.
8.5%
Avg. ROI
6.2%
Rental Yield
7.5%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Lake City, MI is approximately 6.2%, providing a solid income return for investors.
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