Investment Properties for Sale in Lake City, MI
$ 349,900
ROI
21.6
Cash Flow/m
184- 4 Bed
- 2 Bath
- 1612 sft
9428 W Jennings Rd, Lake City, MI, 49651
Fix & Flip
$ 345,000
ROI
21.0Cash Flow/m
120- 5 Bed
- 3 Bath
- 2400 sft
290 N Turnerville Rd, Lake city, MI, 49651
Fix & Flip
$ 250,000
ROI
29.2Cash Flow/m
654- 2 Bed
- 2 Bath
- 1296 sft
2413 W Kelly Rd, Lake City, MI, 49651
$ 235,000
ROI
29.3Cash Flow/m
625- 3 Bed
- 2 Bath
- 1464 sft
8398 W Whispering Pines Cir, 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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