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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Lake City, MI
Motivated Seller
Listed for sale 2 days ago
$ 225,000
ROI
20.2
Cash Flow/m
27- 4 Bed
- 3 Bath
- 3035 sft
301 N Main St, 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
Listed for sale 4 days ago
$ 249,900
ROI
22.6Cash Flow/m
201- 3 Bed
- 1 Bath
- 1400 sft
1407 S Lachance Rd, Lake City, MI, 49651
$ 344,900
ROI
38.5Cash Flow/m
1795- 3 Bed
- 3 Bath
- 2612 sft
10944 W Kelly 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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