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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Lake City, MI
Fix & Flip
$ 120,000
ROI
23.3
Cash Flow/m
119- 3 Bed
- 2 Bath
- 952 sft
2332 W Houghton Lake Rd #B, 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
$ 100,000
ROI
24.8Cash Flow/m
141- 2 Bed
- 1 Bath
- 900 sft
447 S Baldwin St, Lake City, MI, 49651
Fix & Flip
$ 193,500
ROI
31.1Cash Flow/m
613- 4 Bed
- 2 Bath
- 1320 sft
6281 W Jennings Rd, Lake City, MI, 49651
Why Invest in Lake City, Michigan?
Fix and flip opportunities in Lake City, MI, offer attractive returns with an average ROI of 15%. The local market has a cap rate of 7.5% and a rental yield of 6%, making it ideal for value-add investors. With an average cash flow of $800 monthly and a steady appreciation rate of 3%, investors can benefit from both rental income and property value growth. Renter occupancy remains high at 92%, indicating strong demand for renovated properties in this area.
15%
Avg. ROI
6%
Rental Yield
7.5%
Cap Rate
$800/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for fix and flip properties in Lake City is about 15%, reflecting strong market demand combined with reasonable renovation costs.
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