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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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 single-family homes in Lake City, MI offers a unique opportunity to tap into a stable rental market bolstered by a renter occupancy rate of 48%. This filter-specific focus highlights properties with an average ROI of 7.2% and a rental yield near 6%. The area demonstrates moderate appreciation at 2.1% annually, alongside an average cash flow of $850. With an average rent of $950, Lake City's housing market balances affordability and investment potential appealing to real estate investors.
7.2%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
The average ROI for single-family homes in Lake City is approximately 7.2%, reflecting steady rental demand and moderate property appreciation.
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